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4) Suppose that wage (w) is $24 and rental price of capital (r) is $8. What is the long-run expansion path for a Cobb-Douglas production

4) Suppose that wage (w) is $24 and rental price of capital (r) is $8. What is the long-run expansion path for a Cobb-Douglas production function q = L^0.6 K^0.4?

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