INTUITIVELY. Imagine that parents invest in the human capital of their children up to the point where

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INTUITIVELY. Imagine that parents invest in the human capital of their children up to the point where the MARGINAL PRODUCT OF PHYSICAL CAPITAL, Kt, is equal to the MARGINAL PRODUCT OF HUMAN CAPITAL, Ht. 2 9 (ii) What is the relation between Kt and Ht? Use this relation to write down total output as a function of Kt only

Posted Date: Jun 22, 2024 03:02 PM

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INTUITIVELY. Imagine that parents invest in the human capital of their children up to the point where

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