If a Cobb-Douglas Production Function Has Alpha = 0

question 107

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 ________ change in output.

• A)0.8%
• B)8%
• C)0.76%
• D)-0.76%

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Definitions:

Encoding Specificity

The principle that memory is improved when information available at encoding is also available at retrieval.

Environment

The surrounding conditions or influences in which an organism lives, which can affect growth, development, and behavior.

Context Reinstatement

A memoryphenomenon where recalling specific information is more likely if the context present at encoding and at retrieval are similar or the same.

Flashbulb Memories

Flashbulb memories are vivid, detailed memories of significant events that feel as if they have been imprinted or 'burned in' like a photograph, often associated with surprise or emotional shock.