The Aggregate Production Function Is Y = 6K⁰

question 29

Multiple Choice

The aggregate production function is Y = 6K^0.5L^0.5. If there are 100 units of capital and 25 units of labor, aggregate output is

• A) 131 units.
• B) 277 units.
• C) 300 units.
• D) 750 units.

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Definitions:

Main Effect

The impact of an independent variable on a dependent variable in an experimental design, disregarding the effects of other variables.

Simple Effect

Refers to the effect of one independent variable at a specific level of another independent variable within the context of a factorial design experiment.

Single-Factor Research

An experimental study design focusing on the effect of one independent variable on one or more dependent variables.

Independent Variable

The variable in an experiment or study that is manipulated by the researcher to observe its effect on the dependent variable.