14 only 13. In Avengers: Infinity War the character Thanos seeks to use the power of the infinity stones toeliminate half the people in the universe. If output of the universe can be modeled by Y = A × F(K,L)where F(K, L) = K²/3L²/3 with an initial K = 100 and L = 100, then how much would output change ifThanos gets his wish? (Calculate the percent change and give your answer as a decimal. It will benegative because output will be lower.)14. (continued) What happens to the labor productivity, which is the output per unit of labor, Y/L, ifThanos gets his wish? (Calculate the percent change and give your answer in the decimal form. If itdecreases include a negative sign to indicate that.)

Answered: Image /qna-images/answer/9b786516-3abc-4a52-882a-3eeb25793625.jpg

14. (continued) What happens to the labor productivity, which is the output per unit of labor, Y/L, if Thanos gets his wish? (Calculate the percent change and give your answer in the decimal form. If it decreases include a negative sign to indicate that.)

14. (continued) What happens to the labor productivity, which is the output per unit of labor, Y/L, if Thanos gets his wish? (Calculate the percent change and give your answer in the decimal form. If it decreases include a negative sign to indicate that.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

14 only

13. In Avengers: Infinity War the character Thanos seeks to use the power of the infinity stones to
eliminate half the people in the universe. If output of the universe can be modeled by Y = A × F(K,L)
where F(K, L) = K²/3L²/3 with an initial K = 100 and L = 100, then how much would output change if
Thanos gets his wish? (Calculate the percent change and give your answer as a decimal. It will be
negative because output will be lower.)
14. (continued) What happens to the labor productivity, which is the output per unit of labor, Y/L, if
Thanos gets his wish? (Calculate the percent change and give your answer in the decimal form. If it
decreases include a negative sign to indicate that.)

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