Suppose the Aggregate Production Function Is Given by the Following

question 35

Multiple Choice

Suppose the aggregate production function is given by the following: Y = AN.Given this information,we know that labor productivity is represented by which of the following?

• A)1 / A
• B)A
• C)1 / N
• D)N / Y

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Definitions:

Customers

Individuals or entities that purchase goods or services from a business or organization.

Producers

Individuals or entities responsible for creating and supplying goods or services.

Employees

Individuals who are hired by a person or business for wages or salary to perform work or services.