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A country's Cobb-Douglas production function is as follows: Y= 5K^(1/2)L^(1/2). If this country has 30,000 unit of capital and 700 workers, find the real wage
A country's Cobb-Douglas production function is as follows: Y= 5K^(1/2)L^(1/2). If this country has 30,000 unit of capital and 700 workers, find the real wage approximately.
Select one:
a. 1.21
b. 0.85
c. 0.99
d. 0.55
e. 0.66
please just write answer don't try to explain to me
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