In the Cobb-Douglas production function 
, if a = 1/3, then:
A) labor's share of GDP is two-thirds.
B) labor's share of GDP is one-third.
C) capital's share of GDP is two-thirds.
D) capital's share of income is one.
E) labor's share of income is three.
Correct Answer:
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Q43: Suppose the payments to capital and labor
Q44: Suppose the payments to capital and labor
Q45: If Q46: The marginal product of the labor curve Q47: Suppose the payments to capital and labor Q49: With a Cobb-Douglas production function Q50: If MPK Q51: Figure 4.4: Labor Market Q52: Accounting profit is _ and is equal Q53: Figure 4.3: The Production Function 
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