Scenario 25-1.An economy's production form takes the form Y = AF(L,K,H,N).
-Refer to Scenario 25-1.K represents the quantity of
A)human capital only.
B)physical capital only.
C)human capital and physical capital combined.
D)nonrenewable natural resources.

Question

Quizplus · Accepted Answer

K represents physical capital, while L represents labor input, H represents human capital, and N represents nonrenewable natural resources. Therefore, K represents the quantity of physical capital only.