Given a production ytabarkt13lt23 and k1000 and abar32 and
Given a production Yt=(Abar)Kt^(1/3)Lt^(2/3) and K*=1000 and Abar=3/2. and also there are Lbar=1000 workers who supply labor in elastically. What does the long run model say wage in this economy is?
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given a production ytabarkt13lt23 and k1000 and abar32 and also there are lbar1000 workers who supply labor in
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a newspaper has a monopoly on the local news market in a town the market demand is given by p170-q20000 making the
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