Production Function Real GDP = T (L,K),such That Real GDP = T(L

question 27

Multiple Choice

Production Function
Real GDP = T (L,K) ,such that Real GDP = T(L + K)
Assume that the technology coefficient is equal to 0.40.
-Refer to Exhibit 17-1.If this production function is graphed with Real GDP on the vertical axis and labor on the horizontal axis,the resulting graph would be

• A) upward sloping.
• B) downward sloping.
• C) vertical.
• D) horizontal.

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