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Business, 31.12.2019 00:31 Kcloughley
Country a and country b both have the production function • y 5 f(k, l ) 5 k 1/3 2/3 l .
what happens subsequently to output per worker in the postwar economy? is the growth rate of output per worker after the war smaller or greater than it was before the war?
a. does this production function have constant returns to scale? explain.
b. what is the per-worker production function, y 5 f (k)?
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Country a and country b both have the production function • y 5 f(k, l ) 5 k 1/3 2/3 l .
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