Given the production function Y = AKαL1-α, 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 = AKαL1-α, 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 = AKαL1-α, If the Rental