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See the question below: Problem 2 Midterm 2015: Suppose production in the Philippines can be described by the Cobb-Douglas function and the labor force consists

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Problem 2 Midterm 2015: Suppose production in the Philippines can be described by the Cobb-Douglas function and the labor force consists of skilled, S, and unskilled workers, L, such that Y = AKO'L'981_\"_'3 with 0

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