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3. Assume the following Cobb-Douglas production function: Y=0.32 K0'75L0'25 . If L = 90, a. Estimate the marginal product of capital and demonstrate diminishing marginal

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3. Assume the following Cobb-Douglas production function: Y=0.32 K0'75L0'25 . If L = 90, a. Estimate the marginal product of capital and demonstrate diminishing marginal product of this input b. Estimate real capital income c. Estimate the share of capital income on national income

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