Top Posters
Since Sunday
28
o
8
d
6
C
5
A
5
H
5
n
4
t
4
d
4
p
4
r
4
s
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
remy2012 remy2012
wrote...
Go to Answer
Posts: 68
Rep: 0 0
3 months ago
A country has an aggregate production function of the form Y = A × K1/3 × H2/3, where Y denotes total output, A denotes the level of technology, K denotes the physical capital stock, and H denotes the efficiency units of production. Which of the following is likely to happen if the physical capital stock and the efficiency units of labor available to the country increase by 10 percent over a span of 5 years, while the state of technology used in the country remains the same?

▸ Output will double.

▸ Output will increase by 1 percent.

▸ Output will increase by 5 percent.

▸ Output will increase by 10 percent.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 7 times
1 Reply
Replies
Answer verified by a subject expert
jtarinayjtarinay
wrote...
#1
Posts: 60
Rep: 0 0
3 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
Output will increase by 10 percent.
1

Related Topics

remy2012 Author
wrote...

3 months ago
Thanks
hmonier
wrote...

Yesterday
Brilliant ツ
bbbbbbbh
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  221 People Browsing
 305 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 551
  
 237
  
 81
Your Opinion
What's your favorite math subject?
Votes: 184
Previous poll results: Who's your favorite biologist?