Assume a Cobb-Douglas Production Function Where the Share of Capital

question 12

Multiple Choice

Assume a Cobb-Douglas production function where the share of capital and labor is each 1/2.If the growth in total factor productivity is zero and labor and capital each grow by 2%, then

• A)output growth is 4% and the marginal product of capital is Y/K
• B)output growth is 2% and the marginal product of capital is Y/(2K)
• C)output growth is 2% and the marginal product of labor is (2Y)/N
• D)output growth is 1% and the marginal product of labor is Y/(2N)
• E)output growth is 1% and the marginal product of capital is (2Y)/K

Understand the impact of span of control on coordination and supervision within organizations.

Differentiate between various forms of organizational departmentation and their effects on organizational behavior.

Grasp the historical perspectives on organizational theory and their implications on modern organizational design.

Understand the functional differences between the left and right hemispheres of the brain.

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