Macro

[s]

aggregate output in short run :Y=AL^a(Kbar)^1-a
Ld=Kbar(Aa)^1/1-a(W/P)^1/a-1
Ls=[Lbar (W/P)^b/1-b]/ [1+(W/P)^b/1-b]
A>0, 0<a<1, producers maximise profit in perfectly competitive set up 0<b<1 [Ref:DSE 2008]

hey can someone tell what they get as the aggregate supply function, i want to tally

thanks

[sonudelhi]

for Ld
put MPL=W/P

for Ls
max. U subject to wLs=Pc

[s]

hi sonudelhi i have already derived labour supply and demand function, i want to know how the AS function will look like

[tim]

hey guys...i did the same for Ld, kept w/p = mpl..but i m nt gettng the answer.
is ur mpl coming out to ne
A(alpha)L^(alpha-1)Kbar^(1-alpha)

[tim]

hey sonu for labor spply i did the same.but i hv Cosumption (c) still in d eqn...what r v supposed to substitute  instead of that so r eqn is in terms of L,w and p...

[tim]

u dr ??? cn u temme how did u find that Ls eqn...