y = A(1-gA) e ga is the fraction of all workers that produce technologies. Further, suppose the h of technology is given by the following equation growth of A = (g//m) (L) ose L = 1 and m = 7, and that initially ga = 0.7. If ga fell to 0.8 the level of output per %3D %3D er would: all mpossible to say ise tay the same

y = A(1-gA) e ga is the fraction of all workers that produce technologies. Further, suppose the h of technology is given by the following equation growth of A = (g//m) (L) ose L = 1 and m = 7, and that initially ga = 0.7. If ga fell to 0.8 the level of output per %3D %3D er would: all mpossible to say ise tay the same

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter7: Production, Inputs, And Cost: Building Blocks For Supply Analysis

Section: Chapter Questions

Problem 9TY

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