In the production function Y=AF(L,K,H,N), Y represents the quantity of output; L represents the quantity of labor; K represents the quantity of physical capital; and H represents the quantity of human capital. What does N represent?

Question

Quizplus · Accepted Answer

The Answer of In the production function Y=AF(L,K,H,N), Y represents the quantity of output; L represents the quantity of labor; K represents the quantity of physical capital; and H represents the quantity of human capital. What does N represent?

In the Production Function Y=AF(L,K,H,N), Y Represents the Quantity of Output;