In the Cobb-Douglas production function
,the
Represents:
A)total income.
B)the share of production contributed by labor.
C)the total amount of capital in an economy.
D)the total demand for capital in an economy.
E)the share of production contributed by capital.

Question

In the Cobb-Douglas production function 
,the 
Represents:
A)total income. 
B)the share of production contributed by labor. 
C)the total amount of capital in an economy. 
D)the total demand for capital in an economy. 
E)the share of production contributed by capital.

Quizplus · Accepted Answer

The variable represented by 11ea895d_4d44_0ac8_8397_471cc5308f11_TB4305_11 in the Cobb-Douglas production function represents the share of production contributed by capital. Therefore, the best choice is E.

In the Cobb-Douglas Production Function