Multiple Choice
Given the production function Y = AK0.3L0.7, 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:
Verified
Correct Answer:
Verified
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