Suppose the production function in an economy is Y = K0.5L0.5, where K is the amount of capital and L is the amount of l

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answerhappygod
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Suppose the production function in an economy is Y = K0.5L0.5, where K is the amount of capital and L is the amount of l

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Suppose the production function in an economy is Y =
K0.5L0.5, where K is the amount of capital
and L is the amount of labor. The economy begins with 25 units of
capital and 4 units of labor. Round answers to two places
after the decimal. How much output does the economy
produce?
Calculate the wage and the rental price of capital? What
is the share of output labor receives? __%
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