If the Production Function Is $Y = K ^ { 1 / 3 } L ^ { 2 / 3 }$

question 43

True/False

If the production function is $Y = K ^ { 1 / 3 } L ^ { 2 / 3 }$
, then in per worker terms, it can be written as $y = K ^ { 1 / 3 } / L$
.

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Definitions:

Objective Theory of Knowledge

A perspective in epistemology that suggests knowledge is based on objective facts, independent of individual perceptions or beliefs.

Evaluativist Theory

A perspective in cognitive development that emphasizes the role of evaluation in understanding and interpreting information or beliefs.

Formal Operational Thinking

The stage in cognitive development (typically occurring from age 12 onwards) where individuals develop the ability to think abstractly, logically, and systematically.

Combination-of-Liquids Task

A task used in developmental psychology to assess a child's understanding of conservation concepts, involving the mixing of different volumes or colors of liquids.