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Assume a general production function where Y=f(K,L), using comparative statics to decide the sign of ?L/?r. (below is an example for the calculation) Use labor

Assume a general production function where Y=f(K,L), using comparative statics to decide the sign of ?L/?r.

(below is an example for the calculation)

Use labor as example . Since not specific functional form, use comparative statics 1 pfLK OL * 10 pfKK pfKK

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