Suppose labor productivity increased by 4% last year. If technological progress was 3%, by how" much must have the capital-to-labor ratio increased? A) 3%. B) 2%. C) 1%. D) 0%.

Q: Suppose the production function is Y = f(K, AN) and the economies of scale are invariant . When will…

A: Y = f(K, AN)

Q: The aggregate production function is Y = 3KL. If there are 20 units of capital and 50 units of…

A: Here we are given the production function which explains that the output of the economy is a…

Q: 1. Assume the following Cobb-Douglas production function: Y = 0.5K°.2 10.8 If L=100, a. What is the…

A: Here we calculate of the following terms by using the  Cobb - Douglas production function so the…

Q: please find the attchment

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Q: Answer the attached question

A: Given, Q =KL and overtime it is changed to Q = K2L2 We can write this as Q = (KL)2 Or Q = Q2 ( as…

Q: I need help finding the true statements. I originally said it was 1,6, and 8 but was marked as…

A:

Q: Assume the production function takes the general form (as in lecture notes) Y=zxF(K,L, A) where all…

A: Given information The production function is given as, Y = z * F(K, L, A) where, Y = output, z =…

Q: 1. Imagine an economy with a constant returns to scale production function. Answer the following:…

A: Constant returns to scale refers to that technology /production function in which the output changes…

Q: Consider the following production functions: 1. Y = AK23L3 2. Y = AK + BL 3. Y = (AK)4L3/4 4. Y =…

A: Hey, Thank you for the question. Since you have posted multiple questions. As per BNED policy we…

Q: Derive the per-worker production function for this economy if Y=zK2/3N1/3.

A: Production function shows relationship between inputs and output produced with the inputs

Q: Suppose the production function for widgets is given by: Q = KL - 0.8K² - 0.2L² where Q represents…

A: Answer: Given, Production function: Q=KL-0.8K2-0.2L2 (a). Average product of labor (APL): APL refers…

Q: 11. Country A and country B both have the production function Y=F(K, L) = K¹/2 [1/2 a. Does this…

A:

Q: 1. Show that for a saving rate s, the law of motion for the capital stock can be written in…

A: “Since you have posted a question with multiple sub-parts, we will provide the solution only to the…

Q: In the graph below, you would prefer to be at point B in this graph rather than point C because it…

A: Isoquant is the curve shows possible input combination that gives same level of output to the…

Q: Consider the following production functions: 1. Y = AK23L1/3 2. Y = AK + BL 3/4 3. Y = (AK)34L34 4.…

A: Returns to scale refer to the increase in the output with the increase in the input. If input…

Q: Suppose the US total output is represented by the standard Cobb-Douglas production function with…

A: The Cobb-Douglas production function is a generally involved mathematical portrayal in economics to…

Q: he aggregate production function is Y = 5KL. If there are 18 units of capital and 50 units of labor,…

A: The production function refers to the function that shows the relationship between the inputs used…

Q: What is the effect of diminishing returns to labor on the slope of the aggregate production function…

A: Option (A) is correct answer It implies that the slope of the curve decreases as the number of…

Q: Problem 1: Properties of Production Functions Consider the following production functions: a) Y a In…

A: PROBLEM 1

Q: Consider the production function Y=√K√N, where Y is output, K is capital, and N is the number of…

A: Given Production function Y=KN Here K denotes capital and N denotes the number of workers and Y…