#953045

#953045: Suppose the economy's production function is Y = AK^0.3N0.7. When K = 1000, N = 50, and A= 15, what is Y?

Suppose the economy's production function is Y = AK^0.3N0.7. When K = 1000, N = 50, and A= 15, what is Y?
Варианты ответа:
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Тематика: Национальная экономика Основные макроэкономические показатели Рынки факторов производства. Распределение доходов
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Suppose that Freedonia has GDP equal to 2000 million, the capital stock is 1700 million, and the number of employees equals 70 million. The production function is Y = AK^0.25N0.75. Total factor productivity of the economy is approximately equal to Suppose that the production function is given by Y = AK^0.25N0.75. Between Year 1 and Year 2, total factor productivity of Freedonia's economy increased by The two main characteristics of the production function are If the marginal product of capital doesn't change as the amount of capital increases, a figure showing the relationship between output and capital The marginal product of capital is the increase in