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Economics - Financial Markets 18 Online
OpenStudy (anonymous):

Please help solving this Cobb-Douglas problem ------------------------------------------ F(K,L) = AK^(a) L^(1-a), where 0 <= a <= 1 and A > 0. a. What is the marginal product of capital and labor given this production function? b. Show whether or not the production function has constant returns to scale. (Hint: do thisfor all values, not just one. Define an extra variable to do this.) c. Show ( beginning with the marginal products) that labor and capital have constant shares of total income. What is labor’s share and what is capital’s share of income with this production functi

OpenStudy (rane):

no clue... haven't this yet sorry

OpenStudy (anonymous):

can anyone help please??

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