Aggregate Production Function: Calculating the Value of Y

Given the aggregate production function Y = F(K, H) with K = 40, H = 40, and the function Y = 2(K * H), what is the value of Y?

a) 80

b) 1600

c) 3200

d) 4000

Final Answer:

Answer:

Substitute the given values into the equation Y = F(K, H) with the specific function Y = 2(K * H). This yields Y = 2(40 * 40) = 2*1600 = 3200. Thus, the correct answer is c) 3200.

Explanation:

The subject of this question is mathematics, specifically the concept of the aggregate production function. Given the aggregate production function Y = F(K, H) with K = 40, H = 40, and the specific function Y = 2(K * H), we can substitute the given values into the equation.

This would be Y = 2(40 * 40), working through the multiplication we get Y = 2*1600, which simplifies to Y = 3200. Therefore, the value of Y given K = 40, H = 40, and the function Y = 2(K * H) would be 3200, so the correct answer is c) 3200.