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How to allocate them between industries

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Reference no: EM132171645

The first industry with marginal and total production functions of MP1 = 0.9L(-0.2) Y1 = 9 + L(0.6) and the second one with MP2 = 0.7L(-0.1) Y2 = 15 + L(0.3). The wages are equal to 0.5. The question asks to calculate the number of employees? and How to allocate them between industries?

Reference no: EM132171645

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