DOX/10/ AAQKAGODg2ZGYSLWRINDOINDU3OC1IN2YWLT14ZDEO Search exam1.pdf Download Print Save to OneDrive income paid to the owners of capital and labor? 10. Compute the marginal product of labor (MPL) and marginal product of capital (MPK) for the following production functions i. Y = AKL1-a (Cobb-Douglas production function) ii. Y = Alak + (1 - @) (Linear production or perfect substitutes) Y = AKaLi-a - ml (Constant marginal value share production function) iv. Y = K2 + L V. Y = K2L vi. Y = Ko [(1 - 4) Ljima 11. Using a fixed supply of loanable funds, draw the economy's supply and demand curves for the loanable funds. What would happen to equilibrium interest rate and supply/demand of loanable funds in response to following: i. An increase in government purchases ii. A decrease in taxes Using the provided production function eq (1) 12. Derive output per worker in terms of capital per worker 13. What assumption allows us to write production function in per worker form, and what is the benefit of writing it in per worker form? 14. Write down the capital accumulation equation and explain in words what does it mean