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If the Aggregate Production Function Is Y = 5K

question 10

Essay

If the aggregate production function is Y = 5K.5L.5 . If there are 49 units of capital and 16 units of labor, calculate the aggregate output. Show your work.


Definitions:

Dentition

The arrangement or condition of the teeth in a particular species or individual.

Cro-Magnon

Common name for the first fossils to be designated Homo sapiens.

Spears

Long-shafted weapons with a pointed tip, historically used for hunting and combat by various cultures around the world.

Scraper

A tool, typically with a sharp edge, used to remove unwanted matter from surfaces.

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