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Question 3 (Mahone, Naval, Pujolas 2018) a.) Show that, when output is produced by a competitive firm using a Cobb-Douglas production function F(K, N) =

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Question 3 (Mahone, Naval, Pujolas 2018) a.) Show that, when output is produced by a competitive firm using a Cobb-Douglas production function F(K, N) = Ka Ni-, labors share of output -= (1 - a) where w is the wage, N is employment, and Y is GDP. b.) Why is R' not a good tool for comparing competing regression models

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