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

True/False

Using the Cobb-Douglas production $Y = \bar { A } K ^ { 1 / 4 } L ^ { 3 / 4 }$
, the marginal product of labor, or the real wage, is $3 / 4 \cdot \frac { \bar { A } K ^ { - 1 / 4 } } { L ^ { 1 / 4 } }$
.