Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable ratesFor This or a Similar Paper Click To Order NowWe’re getting really close. I have three questions about the line that reads: Y=AKα Lα-1= Akα L α= (0, 2) (2/3 of the way down page 4)My understanding of the Cobb-Douglas is that the exponents should be alpha and (1 – alpha). That’s not what you’re showing. (If I am correct, you’ll have to revise the example you show, since it affects the solution.)It’s not clear to me what that ordered pair represents. I assume the second number is alpha. Can you clarify where that comes from?I’m okay about you just assuming values for alpha and A in your example, as long as somewhere in the narrative you discuss how you actually find those numbers in the first place. The K and L are your variables, but to be able to use your equation in your example, you have to find alpha and A, so what’s that all about?For This or a Similar Paper Click To Order NowRelated
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