Question: Question 1 ( 1 point ) Saved Consider two economies: ALPHA AND BETA. Both economies have 2 units of capital. Suppose the production function in

Question 1(1 point) Saved
Consider two economies: ALPHA AND BETA. Both economies have 2 units of capital.
Suppose the production function in ALPHA is
Y=K0.4L0.6,
where K is the amount of capital and L is the amount of labor.
Suppose the production function in BETA is
Y=K0.6L0.4
where K is the amount of capital and L is the amount of labor.
Calculate output (Y) and marginal product of labor (MPL) for each economy by completing the followi table. Round your numbers to ONE DECIMAL.
\table[[L,ALPHA,BETA],[Y,MPL,Y,MPL],[0,,,,],[1,,,,],[2,,,,],[3,,,,],[4,,,,],[5,,,,],[=6,,,,]]
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Question 1 ( 1 point ) Saved Consider two

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