Write down a Cobb-Douglas production function for which capital earns one-fourth of total income.

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Macroeconomics

ISBN: 978-1464168505

5th Canadian Edition

Authors: N. Gregory Mankiw, William M. Scarth

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Question Posted: Dec 31, 2015 01:32 AM

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Write down a Cobb-Douglas production function for which capital earns one-fourth of total income.

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A CobbDouglas production function has the form FKL AK L 1 T...View the full answer

Macroeconomics

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