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Two economies are identical, except that the level of capital per worker is higher in Highland than in Lowland. The production inctions in both economies
Two economies are identical, except that the level of capital per worker is higher in Highland than in Lowland. The production inctions in both economies exhibit diminishing marginal product of capital. Depreciation in Lowland must be: the same than in Highland. impossible to answer with the information given more than in Highland. less than in Highland
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