The production function is given by Y=AK0.5L0.5, where Y is GDP, K is capital stock, and L is labour. The parameter A is equal to 5. if the capital is 100, labour is 400,  and both capital and labour are paid their marginal products. what is the real wage of labour?

In an economy with a production function given by 𝑌 = 𝐴𝐾^0.5𝐿^0.5, where 𝑌 represents GDP, 𝐾 represents capital stock, and 𝐿 represents labor, and the parameter 𝐴 is equal to 12. If the capital stock is 256 and labor is 625, both paid their marginal products, what will be the value of the real wage of labor (W/P)?

Suppose an economy's output is determined by a Cobb-Douglas production function Y =AKL1-a where A=8.K-2, L=64 and a=0.2.The total amount of national income paid to labour and capital, respectively, is

Consider a firm with production function given by 𝑄(𝐾, 𝐸) = 𝐾^1/3𝐸^2/3 K denotes units of capital and E denotes units of labour. Capital is fixed at 27 units. The firm’s output decision has no effect on the price of output or the wage (w). (a) The firm is profit maximizing and can sell output for $12 per unit. Solve for the firm’s labour demand function. That is, express E as a function of w. Note that for this production function, the marginal product of labour (MPL= MP_e) is MP_E = 𝜕Q(𝐾, 𝐸)/𝜕E = 2/3 𝐾^1/3𝐸^−1/3 Show your formulations and derivation.

In the long run, what is the real wage determined by?This is a multi answer question. You can select one or more options as the answer.A.Labour supplyB.The marginal product of labourC.Price levelD.Inflation rate

Suppose an economy has this production equation Y=F(K, L)=K0.4L0.6. The saving rate is 0.2, the depreciation rate is 0.05. Calculate the capital per worker, output per worker, and consumption per worker at a steady state. (Please keep two decimal places.)