The Aggregate Production Function Is Y = 3KL

question 129

Multiple Choice

The aggregate production function is Y = 3KL. If there are 30 units of capital and 40 units of labor, aggregate output is

• A) 3,600 units.
• B) 2,500 units.
• C) 2,100 units.
• D) 400 units.

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Definitions:

Reefs

Structures in the ocean, often made up of coral or rock, that rise close to or above the surface of the water.

Central Atlantic

The central portion of the Atlantic Ocean, situated between the Americas to the west and Europe and Africa to the east.

Two Hundred Million

Indicates a numerical quantity, often used in geological contexts to denote age, such as 200 million years ago.

Submarine Canyons

Deep, steep-sided valleys cut into the seabed of the continental slope, often extending well beyond the depth of the surrounding ocean floor.