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For this worksheet, use the following information: A firm has the following production function The wage rate of workers is w=100 and the rental rate
For this worksheet, use the following information: A firm has the following production function The wage rate of workers is w=100 and the rental rate of capital is r=25. Suppose that initially, the firm is operating in the short run with a fixed quantity of capital of K=400
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
