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Assignment #1

 

Assume that the production function for a representative firm is given by:

 

            Y = zF(K, N)

 

The profit function is::

 

π         = pz F(K, N) – rK

 

where K is the single endogenous variable.

 

 

What is the expression and sign of the term dK / dr?

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    dovecy13
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