Explore BrainMass
Share

Explore BrainMass

    aggregate production function

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    If Y=real GDP, and L,K,and T represent the quantities of labor, capital and technology, what are the most appropriate representation of aggregate production function...

    Not sure if the formula begins with Y=F(K,T,L) orT+F(Y,T,L)

    © BrainMass Inc. brainmass.com October 9, 2019, 8:07 pm ad1c9bdddf
    https://brainmass.com/economics/production/aggregate-production-function-139908

    Solution Preview

    The general form of aggregate production function is
    Y =F(T,K,L) ...

    Solution Summary

    This job applies aggregate production function.

    $2.19