Suppose a new island is discovered in the Atlantic Ocean and a new colony is created on that island with the production function output = f(A, L, K, H, N) = A × (L + K + H + N). If A equals 4, and each of L, K, H and N equals 5, then how much output would this new colony produce?

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23-11-2022
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Suppose a new island is discovered in the Atlantic Ocean and a new colony is created on that island with the production function output = f(A, L, K, H, N) = A × (L + K + H + N). If A equals 4, and each of L, K, H and N equals 5, then how much output would this new colony produce?

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sapanpandit sapanpandit · Answer 1 · 2022-11-29T11:03:50+01:00

This new colony would generate 84 workers. If a new colony is established on an island in the Atlantic Ocean using the production function output = f(A, L, K, H, N) = A (L + K + H + N).

An island (or isle) is a small, isolated area of the environment surrounded Atlantic Ocean by a very different habitat, such as water. [1] It is possible to refer to very small islands as islets, skerries, cays, or keys, such as emergent land island features on atolls. A small island off the coast is known as a holm, and an island in a river or lake is known as an eyot or ait. The Ganges delta's chars are sedimentary islands. An archipelago is Atlantic Ocean a collection of islands that are connected geographically or geologically, like the island Philippines.

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