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

question 66

True/False

If the production function is given by $Y = K ^ { 1 / 3 } L ^ { 2 / 3 }$
, the marginal product of capital is (1/3)(Y/K).

---

Definitions:

Incentive Pay

A compensation strategy where employees earn additional pay based on performance metrics or achieving predefined goals.

Goal Setting Theory

A framework that suggests setting specific, challenging, and attainable goals can significantly improve performance by increasing motivation and efforts.

Work Motivation

The drive, energy, and commitment employees have towards achieving work-related goals.

Managing

The act of planning, organizing, leading, and controlling resources and activities to achieve specific goals.