Question: Please explain the answer step by step. Please use clear formatting and hand writing. 6) Consider an extension of the above model. Now Suppose that

Please explain the answer step by step.

Please use clear formatting and hand writing.

6) Consider an extension of the above model. Now Suppose that the production function has three inputs: Capital K, workers with college education LC, and workers with only high school education Lh : Y = AKGLELia, (2) where or and ,8 are parameters such that D

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