Question: Your production function is Quantity = 5' InLabor, where Quantity is the quantity produced and InLabor is the natural log of the number of workers.

Your production function is Quantity = 5' InLabor, where Quantity is the quantity produced and InLabor is the natural log of the number of workers. A one percent increase in the number of workers is associated with a 5 percent increase in production. 5 unit increase in production. . 0:05 unit increase in production. None of the above

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