
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:Suppose the economy's production function is Y = A KO.4N0.6. The numbers 0.4 and 0.6 represent,
A. total productivity of K and total productivity of N
B. marginal productivity of K and marginal productivity of N
C. income share of K and income share of N
D. factor price of K and factor price of N
respectively.
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