Question
Let f(L_A)=C (L_A)^1/2. Let total available labor be 2000, 20% of which is employed in industry. Suppose the price of the agricultural good is $1.
Let f(L_A)=C (L_A)^1/2. Let total available labor be 2000, 20% of which is employed in industry. Suppose the price of the agricultural good is $1. The wage in the rural sector is $2. Find the value of C such that the agricultural surplus is zero.
Choose answer between: 80; 172 ; 0; 400
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Modeling the Dynamics of Life Calculus and Probability for Life Scientists
Authors: Frederick R. Adler
3rd edition
840064187, 978-1285225975, 128522597X, 978-0840064189
