Multiple Choice
Using the Cobb-Douglas production function,while holding other inputs constant,if the amount of a specific factor is increasing ________.
A) the increased amount of output from an extra unit of input declines
B) the increased amount of output from an extra unit of input increases
C) that factor's share of output is declining
D) that factor's share of output is increasing
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q75: Which of the following will cause an
Q76: Real labor income is given by _.<br>A)MPL
Q77: Equilibrium market prices for capital and labor
Q78: As an investor,negative supply shocks are not
Q79: When the real wage is below the
Q81: The main cause of low per capita
Q82: The marginal product of labor (MPL)measures _.<br>A)by
Q83: If country X has a higher capital
Q84: An economy's production function is Y =
Q85: The marginal product of labor (MPL)can be