Question

请大神们懂经济学帮忙翻译成中文，谢谢了。

According to Proposition 1, the competitive wage growth γ stimulates firm's productivity enhancing innovation. As can be seen from above, each firm chooses itsinnovation rate so that its marginal benefit from the higher labor productivity
tomorrow equals the marginal cost of its innovation investments today. A higher γ means higher unit labor cost for the firm . his also holds when the competitive wage
per efficiency unit of labor ct at date t becomes higher.

Under these circumstances, a firm has stronger incentives to use less labor
and it does so by enhancing its abor productivity, i.e. by investing more in process
innovation.

Answer 1

根据命题1，竞争性的工资增长γ刺激企业提高生产率的创新。由此可见，每个企业选择该率，从更高的劳动生产率的边际效益
明天就是它的创新投资的边际成本的今天。一个更高的γ意味着公司较高的单位劳动成本。他还认为当竞争效率工资每日T劳动CT单元越高。
在这种情况下，一个公司有更强的动机使用较少的劳动，它通过提高劳动生产率，即通过投资更多在工艺创新。

Answer 2

根据命题1,竞争性工资增长公司的生产率提高γ刺激创新。从上面可以看出,每个公司选择itsinnovation率,使其边际收益从更高的劳动productivitytomorrow等于边际成本的创新投资今天。一个更高的γ意味着更高的单位劳动成本的公司。他还拥有竞争性工资时每单位劳动效率在日期t越来越高的ct。在这种情况下,一个公司具有较强的激励措施,使用更少的劳动和它是通过提高其abor生产力,即通过投资更多在过程创新。