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Suppose that firm has units of capital and hires units of labour at wage to produce units of its product according to the Cobb-Douglas production
Suppose that firm has units of capital and hires units of labour at wage to produce units of its product according to the Cobb-Douglas production function: =1 It then sells its good at price . The firm takes all prices as given and takes as fixed
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Macroeconomics Canada in the Global Environment
Authors: Michael Parkin, Robin Bade
8th edition
321778103, 978-0321808370, 321808371, 978-0321778109
