Question: Suppose the production function at the core of our model is given by Y = K3/4L1/4 (that is, assume the exponents on capital and labor

Suppose the production function at the core of our model is given by Y = ĀK3/4L1/4 (that is, assume the exponents on capital and labor are 3/4 and 1/4 rather than 1/3 and 2/3).
(a) Create a new version of Table 4.1 for the new version of the model. What are the five equations and five unknowns?

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