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

question 98

Multiple Choice

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

• A) how particular amounts of capital and labor can be combined to generate output
• B) how any amount 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) what output would be in a "perfect" economy

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