In the Cobb-Douglas Production Function The $\alpha$ Represents:
A) Total Income

question 42

Multiple Choice

In the Cobb-Douglas production function the $\alpha$ represents:

• A) total income.
• B) the share of production contributed by labor.
• C) the total amount of capital in an economy.
• D) the total demand for capital in an economy.
• E) the share of production contributed by capital.

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