If the production function is Y = AK2/3L1/3 in the land of Antegria, if the capital per worker grows by 3 percent and the TFP increases by 1 percent, then output per worker will grow by percent. a) 3 b) 4 c) 5 d) 6

If the production function is Y = AK2/3L1/3 in the land of Antegria, if the capital per worker grows by 3 percent and the TFP increases by 1 percent, then output per worker will grow by percent. a) 3 b) 4 c) 5 d) 6

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter7: Production, Inputs, And Cost: Building Blocks For Supply Analysis

Section: Chapter Questions

Problem 9TY

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If the production function is Y = AK2/3L1/3 in the land of Antegria, if the capital per worker grows by 3 percent and the TFP
increases by 1 percent, then output per worker will grow by
percent.
a) 3
b) 4
c) 5
d) 6

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