Suppose the payments to capital and labor are (w*L*)/Y* = 2/3 and (r*L*)/Y* = 2/3,respectively.One implication of this result is: A)w*L* + r*K* Y*. D)(w*L*/r*K*)= Y*. E)(w*L*/Y*)(r*K*/Y*)= 1.

Question

Suppose the payments to capital and labor are (w*L*)/Y* = 2/3 and (r*L*)/Y* = 2/3,respectively.One implication of this result is:
A)w*L* + r*K* < Y*.
B)w*L* + r*K* = Y*.
C)w*L* + r*K* > Y*.
D)(w*L*/r*K*)= Y*.
E)(w*L*/Y*)(r*K*/Y*)= 1.

Quizplus · Accepted Answer

The Answer of Suppose the payments to capital and labor are (w*L*)/Y* = 2/3 and (r*L*)/Y* = 2/3,respectively.One implication of this result is:
A)w*L* + r*K* < Y*.
B)w*L* + r*K* = Y*.
C)w*L* + r*K* > Y*.
D)(w*L*/r*K*)= Y*.
E)(w*L*/Y*)(r*K*/Y*)= 1.

Suppose the Payments to Capital and Labor Are (W*L*)/Y* =

Suppose the Payments to Capital and Labor Are (WL)/Y* =