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Suppose that the production function is Y = AK²/⁵ᴸ³/⁵.Assume that real GDP is $5000 billion,capital stock is $15 000 billion,and the labour supply is 75 million workers.What are the values for the marginal product of labour and the marginal product of capital? Show this data graphically.
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The act of moving through water by using the limbs.
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The recreational practice or occupation of traveling by boat, especially on lakes, rivers, or the sea.
Disjunctive Syllogism
A form of reasoning wherein from two statements, one necessarily follows as a conclusion if the other is ruled out.
Unstated Premise
An implicit assumption or premise that is not explicitly mentioned but is required for an argument to hold.
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