In a Cobb-Douglas Production Function,the Law of Diminishing Returns Does

question 105

Multiple Choice

In a Cobb-Douglas production function,the law of diminishing returns does not apply to a variable input if:

• A)the power associated with the input is less than one.
• B)the sum of the powers of the other inputs is equal to one.
• C)the sum of the powers of the other inputs is greater than one.
• D)the power associated with the input is equal to or greater than unity.

Grasp the sources of the supply and demand of loanable funds in an open economy.

Comprehend the primary focus of the open-economy macroeconomic model, including the determination of GDP and the price level.

Recognize the connection between net capital outflow and the supply of dollars in the foreign-currency exchange market.

Analyze the effects of changes in national saving, government deficits, and real interest rates on the open-economy macroeconomic model.

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