Consider the production function Y = z * K^1/3 * N^1/3 * L^1/3  where Y is output, z is a parameter capturing technology, K is capital, N is labour and L is the area of land. Question text If we double the technology factor, z, then output will double.   Question 17Select one: True False Question text If we increase the population, and therefore the workforce, then if nothing else changes, the average product of labour must increase.  Question 18Select one: True False Question text We would need to increase capital input by a factor of 8 to double output.  Question 19Select one: True False Question text Increasing technology will increase labour productivity. Question 20Select one: True False

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