In an Economy,if Three-Fourths of National Income Goes to the Human

question 16

Multiple Choice

In an economy,if three-fourths of national income goes to the human capital of workers and one-fourth to physical capital stock,the Cobb-Douglas production function for this economy will be ________,where Y denotes total output,A denotes the level of technology,K denotes the physical capital stock,and H denotes the efficiency units of production.

• A) Y = A × K¹/⁴ × H³/⁴
• B) Y = A × K⁴ × H³
• C) Y = A × 1/4 × K × 3/4 × H
• D) Y = A × K¹/³ × H²/³

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Definitions:

Measurable Outcomes

Specific, quantifiable results or achievements that can be used to evaluate the success of a project or intervention.

Compensation Decisions

The process of determining and allocating monetary and non-monetary rewards to employees in exchange for their work and performance.

HR Department

A division within an organization focused on recruitment, management, and direction of people who work in the organization.

Uniformity

The state of being homogeneous or consistent in quality, standard, or style across a specified area or among different entities.