The Equation $y = \bar { A } k ^ { 1 / 3 }$

question 28

Multiple Choice

The equation $y = \bar { A } k ^ { 1 / 3 }$ has what two important implications?

• A) Output per person tends to be higher when (1) the productivity parameter is higher and (2) the amount of capital per person is higher.
• B) Output per person tends to be lower when (1) the productivity parameter is higher and (2) the amount of capital per person is higher.
• C) Output per person tends to be higher when (1) the productivity parameter is lower and (2) the amount of capital per person is higher.
• D) Output per person tends to be higher when (1) the productivity parameter is higher and (2) the amount of capital per person is lower.
• E) The population tends to be higher when (1) the productivity parameter is higher and (2) the amount of capital per person is higher.

---

Definitions:

Buyer in the Ordinary Course

An individual or entity that purchases goods in good faith, within the normal course of business from a seller who is in the business of selling such goods.

Good Faith

A legal principle that emphasizes honesty, fairness, and integrity in the fulfillment of contractual and legal obligations.

Sale of Goods

A transaction involving the transfer of ownership of tangible personal property from a seller to a buyer for a price.

Tangible Personal Property

Physical items that can be owned and have value, such as furniture, jewelry, and vehicles.