Suppose That the Production Function for the Economy Is Y

question 74

Multiple Choice

Suppose that the production function for the economy is Y = AK⁰.²ᴸ⁰.⁸.If the capital stock = 40 000,the quantity of labour = 10 000,and the efficiency index = 1,the marginal product of labour is

• A) $0.80.
• B) $1.06.
• C) $1.32.
• D) $5.26.

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Definitions:

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The complex network of nerve cells and fibers that transmits signals between different parts of the body, enabling communication between the brain and the rest of the body.