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If the Production Function Is Given By Y=K1/3L2/3Y = K ^ { 1 / 3 } L ^ { 2 / 3 }

Question 16

Multiple Choice

If the production function is given by Y=K1/3L2/3Y = K ^ { 1 / 3 } L ^ { 2 / 3 } and K = 27 and L = 8, total output equals:


A) Y = 1
B) Y = 18
C) Y = 12
D) Y = 8
E) None of these answers are correct.

Correct Answer:

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