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(b) Now assume that the value of , capital's share in the production function of Avataria, is 0.3. If the world rental price of capital,
(b) Now assume that the value of , capital's share in the production function of Avataria, is 0.3. If the world rental price of capital, rw, quadruples, by what factor will the level of GDP per worker in Avataria change
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
