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Hi, I am confused with this problem set. Are we using MP = W/P here? Recall that factor prices with Cobb-Douglas production are wt =

Hi, I am confused with this problem set. Are we using MP = W/P here?

Recall that factor prices with Cobb-Douglas production are

wt = (1 )Akt

R =Ak1.

Assuming log utility, solve for the steady-state wage and rental rates of capital in the overlapping generations mode?

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