1/46. In the Cobb-Douglas production function Y= AK4L34, defining y = Y/L as output per person andk = K/L as capital per person, the per person production function is:a.y = Ak³d. y = Ak³4e.b. y = Ak-¹4y = Ak 1/4C.None of these answers is correct.

The Cobb-Douglas production function is given below:Y = ĀK1/4L3/4Defining y = Y/L as output per…

6. In the Cobb-Douglas production function Y = AK L, defining y = Y/L as output per k = K/L as capital per person, the per person production function is: a. y = Ak ³-4 d. y = Ak b. y = Ak 2 be. None of these answers is correct. C. y = Ak ¹/4

6. In the Cobb-Douglas production function Y = AK L, defining y = Y/L as output per k = K/L as capital per person, the per person production function is: a. y = Ak ³-4 d. y = Ak b. y = Ak 2 be. None of these answers is correct. C. y = Ak ¹/4

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter17: Economic Growth: Resources, Technology, Ideas And Institutions

Section17.2: A Production Function And Economic Growth

Problem 4ST

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E3
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I keep getting two different answers for the first part (10000/w and 40000/w) but I don't know which one is correct
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