Question: please solve it on page complete Consider a production function for an economy: Y = 20(L-'KAN.! ) where L is labor, A is capital, and

please solve it on page complete

Consider a production function for an economy: Y = 20(L-'KAN.! ) where L is labor, A" is capital, and / is land (three factors of production). a. Does this production function exhibit constant returns to scale? Derive your answer analytically. b. If the economy is competitive, what is the share of total income will go to land? Derive your answer analytically

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