Consider an economy described by the aggregate production function: Y=F(KL)=K0.5 10.5, the per-worker production function in this economy should be: (The production function may not be entirely displayed on your laptops. The complete production function should be Y-K^0.5L^0.5. It means that we have a CD production function with alpha=0.5.) ⒸY=K0.5 y = k0.570.5 y = 40.5 Per-worker production function is not available.

Consider an economy described by the aggregate production function: Y=F(KL)=K0.5 10.5, the per-worker production function in this economy should be: (The production function may not be entirely displayed on your laptops. The complete production function should be Y-K^0.5L^0.5. It means that we have a CD production function with alpha=0.5.) ⒸY=K0.5 y = k0.570.5 y = 40.5 Per-worker production function is not available.

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

Consider an economy described by the aggregate production function:
Y = F(K,L)= K0.510.5, the per-worker production function in this
economy should be: (The production function may not be entirely
displayed on your laptops. The complete production function should be
Y-K^0.5L^0.5. It means that we have a CD production function with
alpha= 0.5.)
Y=K⁰.5
y = 40.510.5
Ⓒy=k0.5
O Per-worker production function is not available.

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