ryanzl3296 ryanzl3296

02-06-2023
Business

contestada

A firm has a short run production function Q=A K
ˉ
0.5
L 0.5
, where A is technology, K is capital set at level of 4 , and L is Labor. The price of labor is w, and the price of capital is r. the price of output is p. Please derive own wage demand elasticity of labor.

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