Y=K^(ANBN^)+CL^y

Ystands for output,Kstands for the capital stock,Nstands for the number of people employed,Lstands for the quantity of land used in production,AandBstand for measures of labour efficiency, andCfor a measure of land efficiency.is a parameter whose value is between 0 and 1,andare parameters whose values are1.

(b) Using calculus derive a formula for the aggregate labour demand (N^D). Express aggregate labour demand as a function of the real wagew(and all other variables and parameters).