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The Lagrange function for the representative firm is Lv,nu =Af(n )-wn-(1-75).w.v+ uf . qFIND . v-n'.c. (3 points) Using the rst-order conditions computed in parts
The Lagrange function for the representative firm is Lv,nu =Af(n )-wn-(1-75).w.v+ uf . qFIND . v-n'.c. (3 points) Using the rst-order conditions computed in parts a and 1:). clearly and carefully provide the important steps of algebra that lead to the job creation condition. which should be written as (lr'3)-(o=... The term in ellipsis (\"...\"} on the righthand side is for you to determine. (Note: The final expression may.r NOT include anyt-r Lagrange multipliers.)
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