In the Cobb-Douglas Production Function $Y = \bar { A } K ^ { 1 / 3 } L ^ { 2 / 3 }$

question 77

Multiple Choice

In the Cobb-Douglas production function $Y = \bar { A } K ^ { 1 / 3 } L ^ { 2 / 3 }$ , defining y = Y/L as output per person and k = K/L as capital per person, the per person production function is:

• A) \(y = \bar { A } / k ^ { 2 / 3 }\)
• B) \(y = \bar { A } k ^ { - 1 / 3 }\)
• C) \(y = \bar { A } k ^ { 2 / 3 }\)
• D) \(y = \bar { A } k ^ { 1 / 3 }\)
• E) None of these answers are correct.

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Definitions:

Sympathetic

Relating to the sympathetic nervous system, which is part of the autonomic nervous system responsible for the body's "fight or flight" response.

Fight-or-Flight

A physiological reaction to perceived harmful events, attacks, or threats to survival, preparing the body to either confront or flee from the situation.

Allostatic

Relating to or denoting the adaptive processes that maintain homeostasis through the production of mediators such as adrenaline.

Homeostasis

The regulation of an organism's internal environment to maintain stable, constant conditions for life processes.