In the Cobb-Douglas production function
,labor's share of GDP is _________.
A)two-thirds regardless of how much labor there is
B)two-thirds but can change as more laborers are added
C)one-third regardless of how much labor there is
D)always equal to one
E)Not enough information is given.

Question

In the Cobb-Douglas production function 
,labor's share of GDP is _________.
A)two-thirds regardless of how much labor there is 
B)two-thirds but can change as more laborers are added 
C)one-third regardless of how much labor there is 
D)always equal to one 
E)Not enough information is given.

Quizplus · Accepted Answer

The Answer of In the Cobb-Douglas production function 
,labor's share of GDP is _________.
A)two-thirds regardless of how much labor there is 
B)two-thirds but can change as more laborers are added 
C)one-third regardless of how much labor there is 
D)always equal to one 
E)Not enough information is given.

In the Cobb-Douglas Production Function