Question: Suppose the aggregate production function is Y = K L 1 - where 0 < 1 . a . Find the intensive form of the
Suppose the aggregate production function is Y K L
where
a Find the intensive form of the production function, y fk where y YL and k KL
b Find the marginal product of labor and the marginal product of capital MPK YK
Use words to describe the MPL and MPK
c Find the marginal product of capital per worker MPk yk and describe the MPk
d Show that MPK MPk
e Suppose If population growth is and the capital stock grows use t
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