Question
Suppose the production function is given by Y = K^(1/3)*L, where K is the aggregate stock of physical capital, and L is the number of
Suppose the production function is given by Y = K^(1/3)*L, where K is the aggregate stock of physical capital, and L is the number of workers (=population).
If the capital stock is equal to 37, what is output per person equal to?
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International Economics
Authors: James Gerber
7th edition
134472098, 134523873, 978-0134472096
