The Production Function $Y = K ^ { 1 / 3 } L ^ { 2 / 3 }$

question 42

Multiple Choice

The production function $Y = K ^ { 1 / 3 } L ^ { 2 / 3 }$ describes:

• A) how any amount of capital and labor can be combined to generate output
• B) how particular amounts of capital and labor can be combined to generate output
• C) how any amount of capital and a particular amount of labor can be combined to generate output
• D) how any amount of labor and a particular amount of capital can be combined to generate output
• E) None of these answers are correct.

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Definitions:

Behavioral

Relating to the actions or reactions of individuals or groups towards various stimuli, in the context of psychology and social science.

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Health conditions that are characterized by dysfunction in an individual's body, mind, or emotions.

Workers

Individuals engaged in some form of labor or employment, typically in exchange for compensation; a broader term that encompasses all levels of employment.

Post-traumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by lasting flashbacks, nightmares, and severe anxiety.