The Production Function $Y = K ^ { 1 / 3 } L ^ { 2 / 3 }$

question 42

Multiple Choice

The production function $Y = K ^ { 1 / 3 } L ^ { 2 / 3 }$ describes:

• A) how any amount of capital and labor can be combined to generate output
• B) how particular amounts of capital and labor can be combined to generate output
• C) how any amount of capital and a particular amount of labor can be combined to generate output
• D) how any amount of labor and a particular amount of capital can be combined to generate output
• E) None of these answers are correct.

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Definitions:

Repression

A defense mechanism in psychoanalytic theory where uncomfortable thoughts, memories, or desires are pushed out of conscious awareness.

Topographical Model

A Freudian theory in psychology which divides the human mind into the conscious, preconscious, and unconscious parts.

Conscious

Refers to the awareness of one's own existence, sensations, thoughts, surroundings, and abilities.

Preconscious

Pertains to thoughts and feelings that are not currently in conscious awareness but can be easily recalled or accessed.