Multiple Choice
If we assume a Cobb-Douglas production function where the share of capital is equal to 0.2 and the share of labor is equal to 0.8, then the marginal product of capital is equal to
A) 5N/K
B) 5Y/K
C) Y/4K
D) Y/5K
E) Y/K
Correct Answer:
Verified
Correct Answer:
Verified
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