Question: macroecon question Suppose that the production function had constant returns to labor (a=0), so that the marginal product of labor is given by MPN=A. Derive

 macroecon question Suppose that the production function had constant returns to

macroecon question

labor (a=0), so that the marginal product of labor is given by

Suppose that the production function had constant returns to labor (a=0), so that the marginal product of labor is given by MPN=A. Derive the demand curve for labor. How does it differ from the one in the text? How would this affect the determination of an equilibrium in the labor market

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