In the Cobb-Douglas Production Function , Labor's Share of GDP

question 117

Multiple Choice

In the Cobb-Douglas production function , labor's share of GDP is:

• A) two-thirds, regardless of how much labor there is.
• B) two-thirds, but can change as more laborers are added.
• C) one-third, regardless of how much labor there is.
• D) always equal to one.
• E) Not enough information is given.

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Mechanisms, both formal and informal, that regulate individual and group behavior in an attempt to conform to societal norms.

Norm System

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