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

question 125

Multiple Choice

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

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

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Definitions:

Igbo Women

Female members of the Igbo people, an ethnic group primarily located in southeastern Nigeria, with distinct social, cultural, and historical identities.

Aristocracy

A class of people holding exceptional rank and privileges, especially the hereditary nobility.

Governing Noble Elite

A social class of people with high status and power, often involved in the administration and ruling of a country or area.

Legitimacy

The recognition and acceptance of an authority, institution, or government as right and proper, often derived from law, custom, or consent.