Question: Consider the talent allocation mode by Murphy, Shleifer, & Vishny (1991).If common state of technology is 2.2, productive production function is 10H 0.5 , human
Consider the talent allocation mode by Murphy, Shleifer, & Vishny (1991).If common state of technology is 2.2, productive production function is 10H0.5 , human capital is 25, and worker's wage is 10, find the minimum entrepreneurial ability needed to run the firm. Show work.
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