Multiple Choice
If the production function describing an economy is Y = 100 K0.25L0.75, then the share of output going to labor:
A) is 25 percent.
B) is 75 percent.
C) depends on the quantities of labor and capital.
D) depends on the state of technology.
Correct Answer:
Verified
Correct Answer:
Verified
Q20: A firm's economic profit is:<br>A) the price
Q87: If income is 4,800, consumption is 3,500,
Q89: Public saving is:<br>A)Aalways positive.<br>B)always negative.<br>C)always zero.<br>D)either positive,
Q90: Assume that the production function is Cobb-Douglas
Q94: If the consumption function is given by
Q95: Exhibit: Saving, Investment, and the Interest Rate
Q96: In an economy with flexible prices, competitive
Q116: Assume that an increase in consumer confidence
Q122: In a classical model with fixed factors
Q171: In a closed economy with fixed output,