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Suppose the Economy's Production Function Is Y = AK⁰

Question 77

Multiple Choice

Suppose the economy's production function is Y = AK^0.3^N^0.7^.Suppose K = 200,N = 2000,and A = 1.Calculate the marginal product of capital.

A) 1) 0
B) 1) 5
C) 2) 0
D) 2) 5

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