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In the Equation Y=F(K,L)=AˉK1/3L2/3Y = F ( K , L ) = \bar { A } K ^ { 1 / 3 } L ^ { 2 / 3 }

Question 36

Multiple Choice

In the equation
Y=F(K,L) =AˉK1/3L2/3Y = F ( K , L ) = \bar { A } K ^ { 1 / 3 } L ^ { 2 / 3 } ,
the "bar" over the A means that it is:


A) a parameter that is endogenous
B) a variable that is fixed but not exogenous
C) a parameter that is variable or exogenous
D) a variable that is endogenous
E) a parameter that is fixed and exogenous

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