Question: Consider the Cobb - Douglas production function displayed below: Upper Y equals AK Superscript alpha Baseline Upper N Superscript 1 minus alpha Suppose that GDP
Consider the Cobb
Douglas production function displayed below:
Upper Y equals AK Superscript alpha Baseline Upper N Superscript
minus alpha
Suppose that GDP is
capital is
labor is
and TFP is
Let alpha
What is the marginal product of capital?
Marginal product of capital equals
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