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Suppose an economy has an increase in labor input of 60 percent,while output has increased by 100 percent.Assuming no change in total factor productivity,calculate the percentage increase in the capital input.(Use the Cobb-Douglas production function Y = A
. )
Teamwork
Collective effort by a group of individuals working together to achieve common goals, characterized by mutual support and collaboration.
Productivity
A measure of the effectiveness and efficiency with which individuals, companies, or economies produce goods and services.
Conduct Disorder
A mental disorder diagnosed in childhood or adolescence characterized by a persistent pattern of disruptive and violent behaviors.
Residential Program
A structured, live-in treatment or support program for individuals dealing with various issues, providing therapy, support, and supervision.
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