Question
Suppose that = . where Y is output, A is productivity (technology), K is capital and L is labour. When A=2, K=100 and L=400. Obtain
Suppose that = . where Y is output, A is productivity (technology), K is capital and L is labour. When A=2, K=100 and L=400. Obtain the marginal product of capital
Suppose MPC=0.75; a government increases G by $150 while (at the same time) reduces T by $150. Do you think Y will change? If yes, by how much?
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Business Its Legal Ethical and Global Environment
Authors: Marianne M. Jennings
11th edition
1337103578, 978-1337514392, 133751439X, 978-0357690130, 978-1337103572
