menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Policy and Practice
  4. Exam
    Exam 3: Aggregate Production and Productivity
  5. Question
    Given the Production Function Y = a
Solved

Given the Production Function Y = a

Question 31

Question 31

Multiple Choice

Given the production function Y = A Given the production function Y = A     ,if an economy's capital per worker k is $27 thousand,and its total factor productivity A is 0.5,then output per worker is (approximately) ________. A) $13,500 B) $40,500 C) $3,000 D) $5,000 E) $1,500
Given the production function Y = A     ,if an economy's capital per worker k is $27 thousand,and its total factor productivity A is 0.5,then output per worker is (approximately) ________. A) $13,500 B) $40,500 C) $3,000 D) $5,000 E) $1,500
,if an economy's capital per worker k is $27 thousand,and its total factor productivity A is 0.5,then output per worker is (approximately) ________.


A) $13,500
B) $40,500
C) $3,000
D) $5,000
E) $1,500

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q26: Consider an economy in which 350 =

Q27: Key determinants of economic profit include _.<br>A)the

Q28: In an economy with production function Y

Q29: Economic profits differ from accounting profits because

Q30: Suppose that a technological advance raises total

Q32: A technology shock could have a different

Q33: Constant returns to scale (CRS)implies that when

Q34: In an environment characterized by perfect competition,we

Q35: An economy's total labor income is $2

Q36: To analyze aggregate productivity,economists typically assume _.<br>A)that

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines