# The Hoosier Economy Has The Production Function

The Hoosier economy has the production function:

Y = A F (K, N) = 6 (K) ^{0.5} (N) ^{0.5}

The capital is K = 64, and the labor demanded is N = 25;

the marginal product of labor is MPN = 3 K^{1/2}/ N^{1/2}

the marginal product of capital is MPK = 3 N^{1/2}/ K^{1/2}

- What is the GDP?
- What is the labor demand function?
- What is the real wage?
- What is the total income to labor?
- What is the total income to capital owners?