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If the Production Function Is Given By Y=K1/4L3/4Y = K ^ { 1 / 4 } L ^ { 3 / 4 }

Question 47

Multiple Choice

If the production function is given by Y=K1/4L3/4Y = K ^ { 1 / 4 } L ^ { 3 / 4 } and K = 81 and L = 2.5, total output equals about:


A) Y = 1
B) Y = 0.3
C) Y = 22.1
D) Y = 6.0
E) Y = 82.4

Correct Answer:

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