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Suppose that an economy's has the Cobb-Douglas production function: Y = AK L 1- . What is the marginal product of labor if A =10,
Suppose that an economy's has the Cobb-Douglas production function: Y = AKL1-.
- What is the marginal product of labor if A =10, K= 5, L = 8, and= 0.3.
- What is the marginal product of capital if A =10, K= 5, L = 8, and= 0.3.
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International Economics
Authors: Dominick Salvatore
12th edition
9781118955727, 1118955765, 1118955722, 978-1118955765
