Question: Suppose that = . where Y is output, A is productivity (technology), K is capital and L is labour. When A=2, K=100 and L=400. Obtain

Suppose that = . where Y is output, A is productivity (technology), K is capital and L is labour. When A=2, K=100 and L=400. Obtain the marginal product of capital

Suppose MPC=0.75; a government increases G by $150 while (at the same time) reduces T by $150. Do you think Y will change? If yes, by how much?

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