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What is the level of output in this country

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Reference no: EM13331249

Consider a production function for an economy:

Y = 20(L.5K.4N.1)

where L is labor, K is capital, and N is land. In this economy the factors of production are in fixed supply with L = 100, K = 100, and N = 100.

a) What is the level of output in this country?

Reference no: EM13331249

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