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.
Correct Answer:
Verified
Correct Answer:
Verified
Q85: According to the model developed in Chapter
Q86: The nominal interest rate is the:<br>A) rate
Q87: If a neutral technological advance improves the
Q88: Consumption depends positively on _ and investment
Q89: If increased immigration raises the labor force,
Q91: When factor supply is fixed and quantity
Q92: If the production function describing an economy
Q93: The marginal product of labor is:<br>A) output
Q94: According to the neoclassical theory of distribution,
Q95: What effect does advancement in technology have