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Please show all work in formulas.
Suppose that you have estimated the following output function where L is labor and K is capital:
Y = K1/2L1/2
You know that the current price of labor is $8 and capital cost is $150 per machine (capital).
You currently use 64 units of capital.
For a, the Output (Y) is 100.
Economics essay-a brief paper about three pages in length also concisely analyze a contemporary problem illustrating in the marketplace.
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Do not try to explain people's tastes, but they do try to explain what happens when tastes change.
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The idea that immigration lowers the wages and employment of native-born workers is based on:
Which of the following taxes contributed the greatest percentage of total federal government tax revenues in recent years.
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