If the production function is Y = AK^2/3L^1/3 in the land of Solovia, and the labor force increases by 5 percent while capital is constant, labor productivity 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.

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The Answer of If the production function is Y = AK^2/3L^1/3 in the land of Solovia, and the labor force increases by 5 percent while capital is constant, labor productivity 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.

If the Production Function Is Y = AK2/3L1/3 in the Land

If the Production Function Is Y = AK^2/3L^1/3 in the Land