Consider the production function: y equals k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent

suppose the supply of capital is 8 and the supply of labor is 27. in equilibrium, the real wage rate w/p and the real rental rate of capital r/p will be

a. w/p = 3/4 and r/p = 4/9

b. w/p = 4/9 and r/p = 3/4

c. w/p = 2/27 and r/p = 3/2

d. w/p = 3/2 and r/p = 2/27

consider the production function: y equals k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent

suppose the supply of capital is 8 and the supply of labor is 27. then

a. output will equal

b. capital income will equal

c. labor income will equal