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If the Production Function Is Given By Y=AˉKˉ1/3L2/3Y = \bar { A } \bar { K } ^ { 1 / 3 } L ^ { 2 / 3 }

Question 73

Multiple Choice

If the production function is given by Y=AˉKˉ1/3L2/3Y = \bar { A } \bar { K } ^ { 1 / 3 } L ^ { 2 / 3 } and Aˉ=1\bar { A } = 1
And K = L = 8, total output equals:


A) Y = 2
B) Y = 6
C) Y = 14
D) Y = 8
E) None of these answers are correct.

Correct Answer:

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