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Answer the questions in the space provided. Explain all of your answers. [1] Consider the Freedonian economy as described by the following: Y=AKA-4, K
Answer the questions in the space provided. Explain all of your answers. [1] Consider the Freedonian economy as described by the following: Y=AKA-4, K fixed at K-16 and L is fixed at L =81 (b) How much output goes to labor? How much to capital? (The actual amount, not the share.) (1 point, show your work) (c) What is the equilibrium real wage in Freedonia? (1 point, show your work.)
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
