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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 8
For a Cobb-Douglas production function
![For a Cobb-Douglas production function verify that is labor's share of income. [ Hint: Labor's share of income is the piece of income that results from that labor ( MPL 3 N ) divided by total income.] For a Cobb-Douglas production function is labor's share of income. [ Hint: Labor's share of income is the piece of income that results from that labor ( MPL 3 N ) divided by total income.]](https://storage.examlex.com/SM2805/11eb8185_50f5_791f_834f_5bea07b4a1ec_SM2805_00.jpg)
verify that
![For a Cobb-Douglas production function verify that is labor's share of income. [ Hint: Labor's share of income is the piece of income that results from that labor ( MPL 3 N ) divided by total income.] For a Cobb-Douglas production function is labor's share of income. [ Hint: Labor's share of income is the piece of income that results from that labor ( MPL 3 N ) divided by total income.]](https://storage.examlex.com/SM2805/11eb8185_50f5_7920_834f_1d3671666432_SM2805_00.jpg)
is labor's share of income. [ Hint: Labor's share of income is the piece of income that results from that labor ( MPL 3 N ) divided by total income.]
For a Cobb-Douglas production function
![For a Cobb-Douglas production function verify that is labor's share of income. [ Hint: Labor's share of income is the piece of income that results from that labor ( MPL 3 N ) divided by total income.] For a Cobb-Douglas production function is labor's share of income. [ Hint: Labor's share of income is the piece of income that results from that labor ( MPL 3 N ) divided by total income.]](https://storage.examlex.com/SM2805/11eb8185_50f5_7921_834f_e13fb9db124b_SM2805_00.jpg)
is labor's share of income. [ Hint: Labor's share of income is the piece of income that results from that labor ( MPL 3 N ) divided by total income.]
verify that is labor's share of income. [ Hint: Labor's share of income is the piece of income that results from that labor ( MPL 3 N ) divided by total income.]For a Cobb-Douglas production function
is labor's share of income. [ Hint: Labor's share of income is the piece of income that results from that labor ( MPL 3 N ) divided by total income.]Explanation
Verified
Verified
A production function gives a numerical ...
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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