Consider the Cobb Douglas production function with parameter a 1 3 What fraction of income do capital and labor receive Suppose that the immigration increase labor force by 15 What happen to total output ( in percent) The rental price of capital The real wage Suppose technology parameter A increase by 5 What happen to total output ( in percent) The rental price of capital The real wage 1 Consider the Cobb Douglas production function with parameter a 1 3 1 What fraction of income do capital and labor receive 2 Suppose that the immigration increase labor force by 15 What happen to total output (in percent) The rental price of capital The real wage 3 Suppose technology parameter A increase by 5 What happen to total output (in percent) The rental price of capital The real wage

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Question: Consider the Cobb-Douglas production function with parameter a=1/3 What fraction of income do capital and labor receive? Suppose that the immigration increase labor force by

Consider the Cobb-Douglas production function with parameter a=1/3

What fraction of income do capital and labor receive?
Suppose that the immigration increase labor force by 15%. What happen to total output ( in percent)? The rental price of capital? The real wage?
Suppose technology parameter A increase by 5%. What happen to total output ( in percent)? The rental price of capital? The real wage?

$Consider the Cobb-Douglas production function with parameter a=1/3 What fraction of$

1: Consider the Cobb-Douglas production function with parameter a=1/3 1. What fraction of income do capital and labor receive? 2. Suppose that the immigration increase labor force by 15%. What happen to total output (in percent)? The rental price of capital? The real wage? 3. Suppose technology parameter A increase by 5%. What happen to total output (in percent)? The rental price of capital? The real wage

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