Step 1: Concept
According to the principle of dimensional homogeneity, the argument of a trigonometric function must be dimensionless, and the dimensions of both sides of an equation must match.
Step 2: Meaning
$P$ represents power, which has the formula $\text{Work} / \text{Time}$. The term $\beta t$ must be dimensionless, meaning $[\beta][t] = [M^{0}L^{0}T^{0}]$.
Step 3: Analysis
Dimensions of Force $F = [MLT^{-2}]$ and Velocity $v = [LT^{-1}]$. Therefore, $P = [MLT^{-2}][LT^{-1}] = [ML^{2}T^{-3}]$. For $\beta t$, $[\beta][T] = 1 \implies [\beta] = [T^{-1}]$.
Step 4: Conclusion
The dimensions are $ML^{2}T^{-3}$ for $P$ and $T^{-1}$ for $\beta$.
Final Answer: (A)