Asked by Evaristi Paulo
Suppose that an economic production function cobb-douglas with parameter alpha = 0.3
a)Suppose that immigration increases the labour force by 10%. What happen to totol output ( inpercent ?), The rental price of capital?, The real wage?
a)Suppose that immigration increases the labour force by 10%. What happen to totol output ( inpercent ?), The rental price of capital?, The real wage?
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Answered by
Bot
Total output: 10% increase
Rental price of capital: No change
Real wage: No change
Rental price of capital: No change
Real wage: No change
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