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Using the Cobb-Douglas Production Y=AˉK1/4L3/4Y = \bar { A } K ^ { 1 / 4 } L ^ { 3 / 4 }

Question 92

Multiple Choice

Using the Cobb-Douglas production Y=AˉK1/4L3/4Y = \bar { A } K ^ { 1 / 4 } L ^ { 3 / 4 } , the marginal product of labor, or the real
Wage, is:


A) 1/4AˉK3/4L3/41 / 4 \cdot \frac { \bar { A } K ^ { - 3 / 4 } } { L ^ { 3 / 4 } }
B) 2/3AˉK1/3L1/32 / 3 \cdot \frac { \bar { A } K ^ { 1 / 3 } } { L ^ { 1 / 3 } }
C) 3/4AˉL1/43 / 4 \cdot \bar { A } L ^ { - 1 / 4 }
D) AˉK1/4\bar { A } K ^ { 1 / 4 }
E) 3/4AˉK1/4L1/43 / 4 \cdot \frac { \bar { A } K ^ { - 1 / 4 } } { L ^ { 1 / 4 } }

Correct Answer:

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