In a Cobb-Douglas production function the marginal product of labor will increase if:
A)the quantity of labor increases. the
B)quantity of capital increases. capital's
C)share of output increases. average
D)labor productivity decreases.

Question

Quizplus · Accepted Answer

In a Cobb-Douglas production function, the marginal product of labor increases if the quantity of capital increases, as capital and labor are complementary inputs.

In a Cobb-Douglas Production Function the Marginal Product of Labor