The questions below are about working with the cobb douglas
Please be as detailed as possible -
The questions below are about working with the Cobb Douglas model α= 0.3 and A= 3
a) write the equation for output
b) find the MPK and MPL in terms of K and L
c) if K = 10 and L = 5 what is the expected output?
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please be as detailed as possible -the questions below are about working with the cobb douglas modelnbsp alpha 03 and a
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