missymiss3196 missymiss3196

23-05-2023
Business

contestada

Suppose the production function is given by Y = K^(1/3)*L^(2/3), where K is the aggregate stock of physical capital, and L is the number of workers.
If each worker has 49 units of capital to work with, what is output per worker equal to?
State your answer to 2 decimal places.

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