In a Cobb-Douglas Production Function the Marginal Product of Capital

question 16

Multiple Choice

In a Cobb-Douglas production function the marginal product of capital will increase if:

• A) the quantity of labor increases.
• B) the quantity of capital increases.
• C) labor's share of output increases.
• D) average capital productivity decreases.

---

Definitions:

Real Communities

Groups of people who share common interests, values, or characteristics, often inhabiting a specific locality and interacting within a real or physical environment.

Community Spirit

A sense of unity, belonging, and mutual support shared among members of a community.

Ecotourism

Foreign travel with the goal of minimizing the environmental consequences of tourism as well as its possible negative effects on local cultures and economies, typically involving people from highly industrialized nations traveling to less developed countries.

Green Consumption

The practice of purchasing products and services that are environmentally friendly and have minimal impact on the earth's resources.