In an Economy with Production Function Y = 1

question 28

Multiple Choice

In an economy with production function Y = 1.5 ×

,K = 343,and L = 512.If factor markets are in equilibrium,then the rental price of capital is (approximately) ________,and the real wage is (approximately) ________.

• A)0.5;0.8
• B)7;8
• C)0.9;1.35
• D)1.4;0.4
• E)0.6;0.9

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Definitions:

Gender Stereotypes

Oversimplified and widely held beliefs about the characteristics, attributes, and roles appropriate for males and females.

Testosterone

A steroid hormone that stimulates development of male secondary sexual characteristics, produced mainly in the testes.

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A hormone produced by the anterior pituitary gland that stimulates milk production in mammals after childbirth.

Dopamine

A neurotransmitter in the brain that plays a key role in controlling the brain's reward and pleasure centers as well as regulating movement and emotional responses.