Multiple Choice
If we assume a Cobb-Douglas production function, where the share of capital is 0.25 and the share of labor is 0.75, then the marginal product of labor is equal to
A) Y/N
B) 3Y/4N
C) (3/4) N
D) 3K/4N
E) 3N/4Y
Correct Answer:
Verified
Correct Answer:
Verified
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