The Aggregate Production Function Is Y = 4K⁰

question 136

Multiple Choice

The aggregate production function is Y = 4K^0.5L^0.5. If there are 169 units of capital and 49 units of labor, aggregate output is

• A) 308 units.
• B) 364 units.
• C) 455 units.
• D) 626 units.

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Definitions:

Marginal Mean

Mean representing a main effect within a factorial research design.

Crime Area

A geographical area known for a higher incidence of criminal activity compared to surrounding regions.

Means

Statistical measures that represent the central point or average value of a dataset.

Marginal Means

The mean values of a variable across different levels of another variable, often used in the analysis of variance.