Answered: The aggregate production function is Y…

The aggregate production function is Y = 3KL. If there are 20 units of capital and 50 units of labor, what is labor productivity? Group of answer choices 250 150 60 100

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: Production And Costs

Section: Chapter Questions

Problem 6WNG

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The aggregate production function is Y = 3KL. If there are 20 units of capital and 50 units of labor, what is labor productivity?

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