Multiple Choice
In the Cobb-Douglas production function 
,if a = 1/3,then:
A) labor's share of GDP is two-thirds.
B) labor's share of GDP is one-third.
C) capital's share of GDP is one-third.
D) capital's share of income is one.
E) Both a and c are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q18: Write down the firm's profit maximizing problem.
Q78: The marginal product of labor is defined
Q79: As an economist working at the International
Q80: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4305/.jpg" alt=" -Consider the two
Q82: What are the shortcomings of using the
Q85: In the year 2000,the five richest countries
Q86: In the production function <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4305/.jpg" alt="In
Q87: Which of the following production functions exhibits
Q99: Models simplify _ of decisions into just
Q112: The two main inputs we consider in