Multiple Choice
Suppose that the production function for the economy is: Y = AK¹/⁴ᴸ³/⁴.Assume that A = 1000,the capital stock is $32 000 billion,and the labour force is 120 million (or 0.120 billion) workers.The value of the marginal product of labour is
A) $14 290.17.
B) $17 043.29.
C) $20 451.95.
D) $22 724.33.
Correct Answer:
Verified
Correct Answer:
Verified
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