Consider the production function $Y = 2 \sqrt { K }$ . The level of technology in this economy is represented by the value:

Name: Consider the production function $Y = 2 \sqrt { K }$ . The level of technology in this economy is represented by the value:
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The level of technology in a production function is often represented by the coefficient in front of the input terms. In this case, the coefficient is 2, indicating the level of technology.

Consider the Production Function Y=2KY = 2 \sqrt { K }Y=2K​

Consider the Production Function $Y = 2 \sqrt { K }$