If a Cobb-Douglas Production Function Has Alpha = 0

question 4

Multiple Choice

If a Cobb-Douglas production function has alpha = 0.34 and beta = 0.42, then a 1% increase in inputs results in a(n) ________ change in output.

• A)0.8%
• B)8%
• C)0.76%
• D)-0.76%

---

Definitions:

State-Dependent Learning

The phenomenon where information learned in a particular physiological or psychological state is more easily recalled when in the same state.

Observational Learning

A learning process through which behaviors are acquired by watching and imitating others.

Operant Conditioning

A learning process in which the strength of a behavior is modified by the behavior's consequences, such as reward or punishment.

Insanity Defense

A legal defense strategy in which the defendant claims they were incapable of understanding the nature or wrongfulness of their actions due to mental illness at the time of the crime.