Given the production function Y = A ,if the rental price of capital is 0.133,Y = 690,and K = 1,728,what is the value of the exponent α? If A = 1,and the real wage is 1.15,is this economy in a long-run equilibrium?

Question

Given the production function Y = A   ,if the rental price of capital is 0.133,Y = 690,and K = 1,728,what is the value of the exponent α? If A = 1,and the real wage is 1.15,is this economy in a long-run equilibrium?

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The Answer of Given the production function Y = A   ,if the rental price of capital is 0.133,Y = 690,and K = 1,728,what is the value of the exponent α? If A = 1,and the real wage is 1.15,is this economy in a long-run equilibrium?

Given the Production Function Y = a ,If