Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an...

 

 

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Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Y = K²/3 b d e Y=K¹/31/3 Y=KgL¹-a Y=K¹/4/1/2 All of these answers are correct. a. If the production function is given by Y=K¹/32/3 and if K = 27 and L = 8, then total output equals ? b. Which of the following production functions exhibits constant returns to scale? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Y = K²/3 b d e Y=K¹/31/3 Y=KgL¹-a Y=K¹/4/1/2 All of these answers are correct. a. If the production function is given by Y=K¹/32/3 and if K = 27 and L = 8, then total output equals ? b. Which of the following production functions exhibits constant returns to scale?

Answer rating: 100% (QA)

a To get the total output replace the values of K and L then workout the answer k27 therefore 27 13 ... View the full answer