Solved

Given the Production Function Y = a ,If

Question 59

Multiple Choice

Given the production function Y = A Given the production function Y = A ,if an economy's capital per worker k is $27 thousand,and its total factor productivity A is 0.5,then output per worker is (approximately) ________. A) $13,500 B) $40,500 C) $3,000 D) $5,000 E) $1,500 Given the production function Y = A ,if an economy's capital per worker k is $27 thousand,and its total factor productivity A is 0.5,then output per worker is (approximately) ________. A) $13,500 B) $40,500 C) $3,000 D) $5,000 E) $1,500 ,if an economy's capital per worker k is $27 thousand,and its total factor productivity A is 0.5,then output per worker is (approximately) ________.


A) $13,500
B) $40,500
C) $3,000
D) $5,000
E) $1,500

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q16: The marginal product of capital (MPK)measures _.<br>A)by

Q18: Which of the following is true about

Q25: Which of the following is true about

Q46: Which of the following is true about

Q57: An economy's production function is Y =

Q60: The three oil shocks the U.S.experienced in

Q61: Suppose than an economy has output Y

Q61: As the capital stock increases,_.This means that

Q64: Suppose an economy has an increase in

Q81: The main cause of low per capita