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Economics A firm has a short run production function Q = AKO.510.5 , where A is technology, K is capital set at level of 4,
Economics A firm has a short run production function Q = AKO.510.5 , where A is technology, K is capital set at level of 4, and L is Labor. The price of labor is w, and the price of capital is r. the price of output is p. Please derive own wage demand elasticity of labor. Oa. PAKO.S PAKO.S 2w 2 PAXO.S 2Ob. PAKO.5 PAKO.5 W 2w 2 W 2 PAKO.5 2 2w Oc. PAKO.5 PAKO.S W 211 2 PAKO.5 2 H Od. PAKO.5 PAKO.S 11 11 2 PAROS 2 WV
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