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With a Cobb-Douglas Production Function , the Marginal Product

Question 59

Multiple Choice

With a Cobb-Douglas production function With a Cobb-Douglas production function   , the marginal product of capital is ________ and the marginal product of labor is ________. A)  MPK = (1/3) (Y/K) ; MPL = (2/3) (Y/L)  B)  MPK =(2/3) (Y/K) ; MPL = (1/3) (Y/L)  C)  MPK=(2/3) (Y/K) ; MPL = (2/3) (Y/L)  D)  MPK =0 (1/3) (Y/K) ; MPL = (1/3) (Y/L)  E)  None of these answers is correct. , the marginal product of capital is ________ and the marginal product of labor is ________.


A) MPK = (1/3) (Y/K) ; MPL = (2/3) (Y/L)
B) MPK =(2/3) (Y/K) ; MPL = (1/3) (Y/L)
C) MPK=(2/3) (Y/K) ; MPL = (2/3) (Y/L)
D) MPK =0 (1/3) (Y/K) ; MPL = (1/3) (Y/L)
E) None of these answers is correct.

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