Given a production ytabarkt13lt23 and k1000 and abar32 and
Given a production Yt=(Abar)Kt^(1/3)Lt^(2/3) and K*=1000 and Abar=3/2. and also there are Labor=1000 workers who supply labor in elastically. What does the long run model say wage in this economy is?
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a steel producer has the production function q10k075 e025 where q is the quantity of steel in metric tons k is the
given a production ytabarkt13lt23 and k1000 and abar32 and also there are labor1000 workers who supply labor in
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