In the Cobb-Douglas Production Function $Y = \bar { A } K ^ { a } L ^ { 1 - a }$

question 5

Multiple Choice

In the Cobb-Douglas production function $Y = \bar { A } K ^ { a } L ^ { 1 - a }$ , defining y = Y/L as output per person and k = K/L as capital per person, the per person production function is:

• A) \(y = \bar { A } k ^ { - a }\)
• B) \(y = \bar { A } k ^ { a }\)
• C) \(y = \bar { A } k ^ { 1 - a }\)
• D) \(y = \bar { A } / k ^ { 1 - a }\)
• E) None of these answers are correct.

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A substance that can dissolve in water, making it capable of being washed away or diluted in aqueous solutions.

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