Question

Suppose the production function of automobiles is given by Q = K^(1/4)L^(1/4) a. Show that the marginal product of any given quantity of labor increases as capital is increased. b. Suppose Japanese a

Answer 1

HistoryGuy. The first nation to build its economy on capitalism was the Netherlands, since it was in fact the Dutch who created the first stock company, in which people could buy shares of companies.

Answer 2

The first nation to build it's economy on capitalism was Netherlands