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vurt777 vurt777
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A year ago
In an economy, if three-fourths of national income goes to the human capital of workers and one-fourth to physical capital stock, the Cobb-Douglas production function for this economy will be ________, where Y denotes total output, A denotes the level of technology, K denotes the physical capital stock, and H denotes the efficiency units of production.

▸ Y = A × 1/4 × K × 3/4 × H

▸ Y = A × K1/4 × H3/4

▸ Y = A × K4 × H3

▸ Y = A × K1/3 × H2/3
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Macroeconomics

Macroeconomics


Edition: 3rd
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yankeesaremyjamyankeesaremyjam
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A year ago
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vurt777 Author
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A year ago
Thank you, thank you, thank you!
zbmallo3
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Yesterday
Just got PERFECT on my quiz
klyn
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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