An Economy's Production Function Is Y = AK0

question 16

Multiple Choice

An economy's production function is Y = AK0.3L0.7, and the economy's total output in equilibrium is $90 billion. Total capital income in this economy is ________.

• A) $27 billion
• B) $30 billion
• C) $21 billion
• D) $70 billion
• E) none of the above

Understand the rationale and guidelines for wound irrigation procedures.

Identify appropriate wound drainage systems and their management.

Recognize tasks that can be delegated to nursing assistants in wound care.

Determine when wound cultures are necessary.

---

Definitions:

Marble

A metamorphic rock composed mainly of recrystallized carbonate minerals, commonly used in sculpture and as a building material.

External Financing Need

The requirement for funds that a company must fulfill through external sources, like equity or debt, to finance its operations beyond what it can fund through its internal cash flow.

Full Capacity

The maximum level of output that a company can sustain over a long period without increasing its fixed costs.

Capital Intensity Ratio

A financial metric that measures the amount of capital needed per unit of output or the capital required to generate a dollar of revenue.