In an economy with production function Y = 1.5 × , K = 343, and L = 512. If factor markets are in equilibrium, then the rental price of capital is (approximately) ________, and the real wage is (approximately) ________
A) 0.5; 0.8
B) 7; 8
C) 0.9; 1.35
D) 1.4; 0.4
E) 0.6; 0.9
E
Economics
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