If the Production Function Is Y = AK^2/3L^1/3 in the Land

question 1

Multiple Choice

If the production function is Y = AK^2/3L^1/3 in the land of Antegria, and the labour force increases by 5 percent while capital is constant, labour productivity, measured by Y / L, will:

• A)increase by 3.33 percent.
• B)increase by 1.67 percent.
• C)decrease by 1.67 percent.
• D)decrease by 3.33 percent.

---

Definitions:

Nurse-Midwives

Registered nurses who have specialized graduate education in midwifery, providing healthcare services to women, including gynecological exams, family planning, and childbirth.

Physicians

Medical professionals licensed to practice medicine, diagnose conditions, and treat patients through various interventions.

Medical Interventions

Actions or procedures carried out to improve health, alleviate or cure diseases, or relieve symptoms in individuals.

Fetal Monitoring

The practice of checking on the health and development of a fetus during pregnancy, often using special equipment to measure heart rate and other vital signs.