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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 16
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://d2lvgg3v3hfg70.cloudfront.net/SM2806/11eb8243_4852_8830_bcd8_772f33135a78_SM2806_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://d2lvgg3v3hfg70.cloudfront.net/SM2806/11eb8243_4852_8831_bcd8_e5bdee3328b1_SM2806_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://d2lvgg3v3hfg70.cloudfront.net/SM2806/11eb8243_4852_af42_bcd8_611e908d6b37_SM2806_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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