If the Production Function Is Y = AK^2/3L^1/3 in the Land

question 101

Multiple Choice

If the production function is Y = AK^2/3L^1/3 in the land of Solovia, and the labor force increases by 5 percent while capital is constant, labor productivity will:

• A) increase by 3.33 percent.
• B) increase by 1.67 percent.
• C) decrease by 1.67 percent.
• D) decrease by 3.33 percent.

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Definitions:

Leukopoiesis

The production of white blood cells in the bone marrow.

CBC

Complete Blood Count, a blood test that measures red cells, white cells, and platelets in the blood.

Red Bone Marrow

Red bone marrow is a soft tissue inside bones that is responsible for producing red blood cells, white blood cells, and platelets.

Rh Factor

A protein found on the surface of red blood cells, significant in determining blood compatibility and risk factors in pregnancy.