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In the Cobb-Douglas Production Function Y=AˉK1/3L2/3Y = \bar { A } K ^ { 1 / 3 } L ^ { 2 / 3 }

Question 77

Multiple Choice

In the Cobb-Douglas production function Y=AˉK1/3L2/3Y = \bar { A } K ^ { 1 / 3 } L ^ { 2 / 3 } , defining y = Y/L as output per person and k = K/L as capital per person, the per person production function is:


A) y=Aˉ/k2/3y = \bar { A } / k ^ { 2 / 3 }
B) y=Aˉk1/3y = \bar { A } k ^ { - 1 / 3 }
C) y=Aˉk2/3y = \bar { A } k ^ { 2 / 3 }
D) y=Aˉk1/3y = \bar { A } k ^ { 1 / 3 }
E) None of these answers are correct.

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