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13. [3] Suppose the following production functions: z = y + f ( L,, K. ) y = f ( L, , K, ) Assume

13. [3] Suppose the following production functions: z = y + f ( L,, K. ) y = f ( L, , K, ) Assume p. = p, = 1Under a gross receipts tax of 10%, the ultimate tax rate on y will be 21%

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