Suppose the price of manufactured goods is 3, price of food goods is 3. The production function for Qm=Lm^0.30 and QF=2*LF^0.30. The total number of workers, L, is 1632. What is the number of workers in the manufacturing sector?
Suppose the price of manufactured goods is 3, price of food goods is 3. The production function for Qm=Lm^0.30 and QF=2*LF^0. The total number of…
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