In the Cobb-Douglas Production Function

question 90

Multiple Choice

In the Cobb-Douglas production function
,defining y = Y/L as output per person and k = K/L as capital per person,the per person production function is:

• A) .
• B) .
• C) .
• D) .
• E)none of the above

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Definitions:

Positive

Expressing or implying affirmation, agreement, or permission; in economics, may refer to aspects such as positive externalities or positive growth rates.

Decreasing

Refers to a situation where a quantity or level is going down or diminishing over time.

Positive

A term often used in economics and finance to denote values or changes that signify growth, improvement, or gains.

Decreasing

A trend or process of becoming less in size, amount, number, or degree.