For the Cobb-Douglas Production Function F(L,K)= AL^aK^b,a Factor-Neutral Technical Change

question 61

Multiple Choice

For the Cobb-Douglas production function F(L,K) = AL^aK^b,a factor-neutral technical change would be represented by

• A) An increase in the value of a
• B) An increase in the value of b
• C) Values of a and b for which a + b > 1
• D) An increase in the value of A