The Aggregate Production Function Is Y = 5K⁰

question 63

Multiple Choice

The aggregate production function is Y = 5K^0.5L0.5. If there are 49 units of capital and 16 units of labor, aggregate output is

• A) 60 units.
• B) 70 units.
• C) 140 units.
• D) 325 units.

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Definitions:

Feature Detectors

Neurons in the brain that specialize in recognizing specific features of an environment, such as lines, edges, or movement.

Vertical Line

A straight line that runs up and down, perpendicular to a horizontal line, often used in geometry and graphing.

Horizontal Line

A horizontal line is a straight line that runs left-to-right across a page or other surface, perpendicular to a vertical line.

Perceptual Organization

The process by which the brain structures sensory stimuli into meaningful patterns and shapes, enabling us to interpret and navigate our environment.