Using the production function and notation in the text, what does K/L measure?
A)natural resources per worker
B)human capital per worker
C)output per worker
D)physical capital per worker

Question

Quizplus · Accepted Answer

K/L measures physical capital per worker. This is because the production function takes inputs of labor (L) and physical capital (K) and generates output. By dividing K by L, we get the amount of physical capital available for each unit of labor, which is K/L.

Using the Production Function and Notation in the Text, What