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In the Cobb-Douglas Production Function Y=AˉKaL1aY = \bar { A } K ^ { a } L ^ { 1 - a }

Question 5

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In the Cobb-Douglas production function Y=AˉKaL1aY = \bar { A } K ^ { a } L ^ { 1 - a } , defining y = Y/L as output per person and k = K/L as capital per person, the per person production function is:


A) y=Aˉkay = \bar { A } k ^ { - a }
B) y=Aˉkay = \bar { A } k ^ { a }
C) y=Aˉk1ay = \bar { A } k ^ { 1 - a }
D) y=Aˉ/k1ay = \bar { A } / k ^ { 1 - a }
E) None of these answers are correct.

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