In a Cobb-Douglas Production Function the Marginal Product of Labor

question 90

Multiple Choice

In a Cobb-Douglas production function the marginal product of labor will increase if:

• A) the quantity of labor increases.
• B) the quantity of capital increases.
• C) capital's share of output increases.
• D) average labor productivity decreases.

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Definitions:

Lobes

Distinct regions into which certain organs or parts of the body, such as the brain and lungs, are divided.

Tracheal Rings

C-shaped rings of cartilage that reinforce and maintain the open structure of the trachea, allowing air to flow into the lungs.

Hyaline

A type of smooth, translucent cartilage found at the ends of bones to reduce friction and absorb shock.

Cartilage

A flexible, connective tissue found in various parts of the body including joints, rib cage, and ear, providing support and shock absorption.