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

question 90

Multiple Choice

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

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

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Definitions:

Reaction

A process in which substances interact to form new substances with different chemical and physical properties.

Monomer Unit

A small molecule that can react with similar molecules to form a polymer, serving as the basic building block of polymers.

Poly(Lactic Acid)

A biodegradable and bioactive thermoplastic derived from renewable resources, such as corn starch or sugarcane.

Stereochemistry

The study of the spatial arrangements of atoms within molecules and their impact on the chemical properties of those molecules.