The production function is usually written in the following notational form:
A) (Y/K) = F((K/L), E)
B) (L/Y) = F((K/L), E)
C) (Y/L) = E((K/L), F)
D) (Y/L) = F((K/L), E)

Question

Quizplus · Accepted Answer

The production function in the form of (Y/L) = F((K/L), E) represents output per worker (Y/L) as a function F of capital per worker (K/L) and technology (E). This notation is commonly used in economics to describe how output is related to inputs and technology.

The Production Function Is Usually Written in the Following Notational