In the production function , which symbol reflects the state of technology?
A) A
B) K
C) H
D) N

Name: In the production function , which symbol reflects the state of technology? A) A B) K C) H D) N
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Question

In the production function  , which symbol reflects the state of technology?
A) A 
B) K 
C) H 
D) N

Quizplus · Accepted Answer

In the Cobb-Douglas production function, A is the factor representing the state of technology, while K and H represent physical capital and human capital, respectively, and N represents labor. Therefore, the symbol reflecting the state of technology in the given production function is A.

In the Production Function , Which Symbol Reflects the State