Production Function. Consider the Cobb-Douglas production function discussed in class: F(K, L) = AK1/3 L2/3. Suppose that parameters are initially A = 1, K = 150, and L = 10. D) Suppose that the quantity of labor L doubles. Calculate Y, w, r, Y/L, and K/L. Com- ment on how and why these numbers changed relative to (c) and why they did so.

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