Question: Consider the talent allocation mode by Murphy, Shleifer, & Vishny (1991). If common state of technology is 5, productive production function is 4HU.5, the ability

Consider the talent allocation mode by Murphy, Shleifer, & Vishny (1991).

Consider the talent allocation mode by Murphy, Shleifer, & Vishny (1991). If common state of technology is 5, productive production function is 4HU.5, the ability of the entrepreneur running the firm is 10, and worker's wage is 10, find the level of worker's human capital that maximizes the firm's profit. Show work

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