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Assume a Cobb-Douglas Production Function in Which the Share of Capital

Question 47

Multiple Choice

Assume a Cobb-Douglas production function in which the share of capital is a = 1/4 and the share of labor is b = 3/4.In this case, the marginal product of capital is


A) Y/3K
B) 3Y/4K
C) Y/4K
D) 3Y/K
E) 1/4

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