Q. 1 Consider an economy with the following Cobb-Douglas production func- tion: Y = 5K The...

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$3) a Y= 5632813, labor demand, MP = 2Y = 5K3 (\) 2-113 - 5 ()3 (ala) MPLE 10 ) 3 Now Kalabor dd curve MPL xP = w P olp proce$

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