An economy's production function is Y = A

,and the economy's total output in equilibrium is $700 billion.Total labor income in this economy is ________.
A)$300 billion
B)$233.3 billion
C)$210 billion
D)$400 billion
E)none of the above

Question

An economy's production function is Y = A

,and the economy's total output in equilibrium is $700 billion.Total labor income in this economy is ________.
A)$300 billion 
B)$233.3 billion 
C)$210 billion 
D)$400 billion 
E)none of the above

Quizplus · Accepted Answer

The Answer of An economy's production function is Y = A

,and the economy's total output in equilibrium is $700 billion.Total labor income in this economy is ________.
A)$300 billion 
B)$233.3 billion 
C)$210 billion 
D)$400 billion 
E)none of the above

An Economy's Production Function Is Y = a