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In the Equation Y=F(K,L)=AˉKˉ1/3L2/3Y = F ( K , L ) = \bar { A } \bar { K } ^ { 1 / 3 } L ^ { 2 / 3 }

Question 27

Multiple Choice

In the equation Y=F(K,L) =AˉKˉ1/3L2/3Y = F ( K , L ) = \bar { A } \bar { K } ^ { 1 / 3 } L ^ { 2 / 3 } , the lack of a "bar" over the L means that it is:


A) an exogenous variable
B) an endogenous variable
C) a parameter
D) constant
E) equal to one

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