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

Question 116

Multiple Choice

In the production function Y=F(K,L) =AˉKˉ1/3L2/3Y = F ( K , L ) = \bar { A } \bar { K } ^ { 1 / 3 } L ^ { 2 / 3 } , Aˉ\bar { A }
Represents:


A) an unknown
B) the amount of capital in an economy
C) the amount of labor in an economy
D) a productivity parameter
E) an error term

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