The general form of the production function used in Chapter 10 is

A) Y=A+F(K, N).
B) Y=A-F(K,N)
C) Y=A F(K, N).
D) Y=A/F(K,N)

Question

The general form of the production function used in Chapter 10 is

A) Y=A+F(K, N).
B) Y=A-F(K,N)
C) Y=A F(K, N).
D) Y=A/F(K,N)

Quizplus · Accepted Answer

The general form of the production function used in economics to represent the total output (Y) as a function of inputs like capital (K) and labor (N) is often written as Y = A F(K, N), where A represents technology or productivity factor. This form shows that output is a product of the technology factor and a function of capital and labor.

The General Form of the Production Function Used in Chapter