In the Cobb-Douglas Production Function ( ):
A)the Marginal $\beta$

question 15

Multiple Choice

In the Cobb-Douglas production function ( ) :

• A)the marginal product of labor (
• L)is equal to \(\beta\)1
• B)the average product of labor (
• L)is equal to \(\beta\)2
• C)if the amount of labor input (
• L)is increased by 1 percent,the output will increase by \(\beta\)1 percent
• D)a and b
• E)a and c