If the production function is Y = AK2/3L1/3 in the land of Antegria, and the labour force increases by 5 percent while capital is constant, labour productivity, measured by Y / L, will:
A) increase by 3.33 percent.
B) increase by 1.67 percent.
C) decrease by 1.67 percent.
D) decrease by 3.33 percent.
Correct Answer:
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