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Consider a Neoclassical economy producing grain (Y)with the following production function: Y=5LX If labor supply (L) is 16 units and land supply (X) is 16
Consider a Neoclassical economy producing grain (Y)with the following production function:
Y=5LX If labor supply (L) is 16 units and land supply (X) is 16 units, what is output per worker?
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