Question: National Income-Work It Out: Question 1 Suppose the production function in an economy is Y= K05105, where K is the amount of capital and

National Income-Work It Out: Question 1 Suppose the production function in an

National Income-Work It Out: Question 1 Suppose the production function in an economy is Y= K05105, where K is the amount of capital and L. is the amount of labor. The economy begins with 25 units of capital and 36 units of labor. Round answers to two places after the decimal when necessary. Side-by-Side wage: rental price: $ unit(s) of output unit(s) of output c. What is the share of output labor receives? share of output to labor about us acy policy 040 10:37

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