In the Cobb-Douglas Production Function $Y = \bar { A } K ^ { 1 / 4 } L ^ { 3 / 4 }$

question 94

Multiple Choice

In the Cobb-Douglas production function $Y = \bar { A } K ^ { 1 / 4 } L ^ { 3 / 4 }$ , defining y = Y/L as output per person and k = K/L as capital per person, the per person production function is:

• A) \(y = \bar { A } k ^ { 3 / 4 }\)
• B) \(y = \bar { A } k ^ { - 1 / 4 }\)
• C) \(y = \bar { A } k ^ { 1 / 4 }\)
• D) \(y = \bar { A } k ^ { 3 / 4 }\).
• E) None of these answers are correct.