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The aggregate production function is Y = 5KL. If there are 18 units of capital and 50 units of labor,
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- The aggregate production function is Y = 3KL. If there are 20 units of capital and 50 units of labor, what is capital productivity? Group of answer choices 300 1000 600 150The aggregate production function is Y = 3KL. If there are 20 units of capital and 50 units of labor, what is labor productivity? Group of answer choices 250 150 60 100The aggregate production function is Y = 5KL. If there are 18 units of capital and 50 units of labor, the capital productivity is ___________.
- The aggregate production function is y=3KL. If they are 30 units of capital and 40 units of labor, what is aggregate output? What is labor productivity? What is capital productivity?Given the following production function Y=X+4X^2-0.2X^3. At what level of X does the Total physical product (TPP) reach its maximum?Economies production function is Y = AK0.3N0.7. If K = 2000, N = 100, and A= 1, then Y = ?
- Given the following production function Y=X+4X^2-0.2X^3. At what level of X does the Average physical product (APP) reach its maximum?Depreciation, investment, and output per worker juts Depreciation, ök Ass Output, (k) Investment, (k) Capital per worker (K) The aggregate production function of capital states that output is determined by:Country A and Country B both have the production function: Y = F(K,L) = K^(1/3)L^(2/3). a) Does this production function have constant returms to scale? Explain.
- The production function feature called "increasing returns to scale" means that if we increase capital and labor by 10 percent each, we increase output by 20 percent. True or False?Which of the following production function exhibits Economies of Scale? Q = K/2 + L %3D Q = K? + L Q = K1/2L1/3 Q = K1/2L1/2Which of the following equations does not represent a plausible production function? a.F(K,L) = 2KL b.F(K,L) = 2K-2L c.F(K,L) = 2(KL)0.5 d.F(K,L) = KL