With a Cobb-Douglas Production Function , the Marginal Product

question 59

Multiple Choice

With a Cobb-Douglas production function , the marginal product of capital is ________ and the marginal product of labor is ________.

• A) MPK = (1/3)(Y/
• K); MPL = (2/3)(Y/
• B) MPK =(2/3)(Y/
• K); MPL = (1/3)(Y/
• C) MPK=(2/3)(Y/
• K); MPL = (2/3)(Y/
• D) MPK =0 (1/3)(Y/
• K); MPL = (1/3)(Y/
• E) None of these answers is correct.

---

Definitions:

Shareholders

Individuals or entities that own one or more shares of stock in a joint-stock company, giving them a right to a portion of the company's profits and a vote in certain company matters.

Quo Warranto

A legal proceeding used to challenge an individual's right to hold a public or corporate office.

De Facto Corporation

A corporation in existence by operations and public dealings, despite not completing the formal requirements.

Corporate Entity

A legal entity that is separate and distinct from its owners, which can own assets, incur liabilities, and conduct business.