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The Next Questions Refer to the Following

Question 18

Multiple Choice

The next questions refer to the following.
Suppose the economy has TFP = 10, there are 400 hours worked, and 60 unit of capital and 210 units of land the Cobb-Douglas production function is:
Output = TFP x Hours0.3 x Capital0.3 x Land0.2.
-Output is currently about


A) 36,000
B) 600
C) 12,000
D) 1,800
E) 6,000

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