The aggregate production function is Y = 6K0.5L0.5. If there are 100 units of capital and 25 units of labor, aggregate output is
A. 131 units.
B. 277 units.
C. 300 units.
D. 750 units.
Answer: C
You might also like to view...
What is the function of the World Bank?
What will be an ideal response?
In an economy experiencing hyperinflation, we expect to observe
A) an increase in the demand for money and an increase in velocity. B) an increase in the demand for money and a reduction in velocity. C) a decrease in the demand for money and an increase in velocity. D) a decrease in the demand for money and a reduction in velocity.
Refer to Scenario 9.1. The dominant strategy for Monty is to place ________ sheep on the commons
A) 4 B) 5 C) Monty's dominant strategy depends on how man sheep Sheb places on the commons. D) Monty has no dominant strategy.
The larger the wealth effect, the less likely it is that a wage tax will give rise to a Laffer curve that has a downward sloping portion.
Answer the following statement true (T) or false (F)