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Provide an economic explanation for why the mpn

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Reference no: EM133442313

Question: Consider two countries that share the same production function, Y = A×K1/4N3/4 but differ in the available resources. These are

CountryA:A=6,K=4000andN=600

CountryB:A=6,K=4000andN=620

Provide an economic (not mathematical) explanation for why the MPN in country A is different than the MPN in country B.

Provide an economic explanation for why the MPK in country A is different than the MPK in country B.

Reference no: EM133442313

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