Suppose the production function is given by Y = K^(1/3)*L^(2/3), where K is the aggregate stock of physical capital, and

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answerhappygod
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Suppose the production function is given by Y = K^(1/3)*L^(2/3), where K is the aggregate stock of physical capital, and

Post by answerhappygod »

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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