Question: Using the Cobb-Douglas production function, tell how a rise in the quantity of Capital (K) would change the values below and explain why. i.the real

Using the Cobb-Douglas production function, tell how a rise in the quantity of Capital (K) would change the values below and explain why.

i.the real rental price of capital (R/P)

ii.real wages (W/P)

B.What determines real GDP (Y) ?

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