In the Equation $Y = F ( K , L ) = \bar { A } K ^ { 1 / 3 } L ^ { 2 / 3 }$

question 36

Multiple Choice

In the equation
$Y = F ( K , L ) = \bar { A } K ^ { 1 / 3 } L ^ { 2 / 3 }$ ,
the "bar" over the A means that it is:

• A) a parameter that is endogenous
• B) a variable that is fixed but not exogenous
• C) a parameter that is variable or exogenous
• D) a variable that is endogenous
• E) a parameter that is fixed and exogenous

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Definitions:

Simp

A pejorative slang term referring to someone who performs excessive sympathy and attention toward another person, often for little or no return.

Conj

A conjunction or connecting term that combines sentences or terms in logic or grammar.

Conj

Short for conjunction, a word used to connect clauses or sentences or to coordinate words in the same clause.

MP

A shorthand for Modus Ponens, a logical argument form where if a implies b, and a is true, then b must also be true.