The cobb-douglas production function is given
The Cobb-Douglas Production function is Given as:
Q=AK1-aLa
Where 0
a) Find the real wage of labor (marginal product of labor), W/P
b) Find rate of return of capital (marginal product of capital), and
c) Discuss the insights of your findings.
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the cobb-douglas production function is given asqak1-alawhere 0ltalt1 a75 k4 is the amount of capital and l16 is the
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