The economy of Freeland estimates it\'s aggregate production function as Y=50* K

Question

The economy of Freeland estimates it's aggregate production function as Y=50* K 1/6* L 1/6

A) Calculate the expressions for the labor productivity or GDP per worker.

B) Assuming the Freeland has 200 workers, Complete the following table.

K               K/L           Y/L
0                   0
200               1
400               2
600               3
800               4
1000              5

The ecenocnd estimates ts asy-50x nt KL panction f.sn c ic, n geregade 4) Coculale the expmessiens fo the laboa Pacue the lottow able. goo 400 3 goo

Explanation / Answer

The Y/L

0

1

3

6

10

15

This is the time period that we exactly looking for that.

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