If the production function is Y = 3K, then an increase in labor (L) by one unit would

Name: If the production function is Y = 3K, then an increase in labor (L) by one unit would
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Quizplus · Accepted Answer

The production function given is Y = 3K, which means output (Y) is solely dependent on capital (K). An increase in labor (L) by one unit does not affect the output because it is not part of the production function. Therefore, there is no change in Y, which is represented by 0 units.

If the Production Function Is Y = 3K, Then an Increase