Question
In an economy with production function Y = 1.5 K0.3L0.7, K = 343, and L = 512. If factor markets are in equilibrium, then the
In an economy with production function Y = 1.5 K0.3L0.7, K = 343, and L = 512. If factor markets are in equilibrium, then the rental price of capital is (approximately) ________, and the real wage is (approximately) ________.
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
