If the Production Function Y = a • (K,L) Is

question 35

Multiple Choice

If the production function Y = A • (K,L) is divided by L, then

• A)(Y/L) = A•f(K/L).
• B)output per capita equals technology times a function of the capital labour ratio.
• C)y = A•f(k).
• D)all of the above.

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Recognize the importance of creating and sustaining competitive advantages to capture value in a market.