Question

Assume you are given the following production function that relates output per worker to capital per worker: 8- 1/2 7- N where Yis output, N is the number of workers, and Kis capital Use the function above to show how much output per worker can be produced from the following amounts of capital per worker KIN={0, 5, 10, 15, 20, 25, 30, 35, 40, 45, 50 1) Using the multipoint curve drawing tool, draw a curve showing the relationship between YIN and KIN by using the above function and the values for KIN. Carefully follow the instructions above and only draw the required object. 1- 0+ 0 5 30 10 15 20 25 35 40 50 Capital per worker, K/N Output per worker, Y/N 45

Use the function above to show how much output per worker can be produced from the following amounts of capital per​ worker:

K​/N

​ = {0,​ 5, 10,​ 15, 20,​ 25, 30,​ 35, 40,​ 45, 50}

​1.) Using the multipoint curve drawing

tool​,

draw a curve showing the relationship between

Y​/N and K​/N

by using the above function and the values for

K​/N.

Answer 1

Data table

K/N	Y/N = (K/N)^0.5
0	0
5	2.24
10	3.16
15	3.87
20	4.47
25	5
30	5.48
35	5.92
40	6.32
45	6.71
50	7.07

Graph

6- 2- 5 15 25 30 35 45 10 20 40 Capital per worker, K/N Output per worker, Y/N 50