The equation 
Has two important implications:
A) Output per person tends to be higher when (1) the productivity parameter is higher,and (2) the amount of capital per person is higher.
B) Output per person tends to be lower when (1) the productivity parameter is higher,and (2) the amount of capital per person is higher.
C) Output per person tends to be higher when (1) the productivity parameter is lower,and (2) the amount of capital per person is higher.
D) Output per person tends to be higher when (1) the productivity parameter is higher,and (2) the amount of capital per person is lower.
E) Output tends to be higher when (1) the productivity parameter is higher,and (2) the amount of capital per person is higher.
Correct Answer:
Verified
Q47: Q48: In the Cobb-Douglas production function Q49: In the Cobb-Douglas production function Q50: The equation MPK = r* yields: Q50: If MPL < w, the firm: Q52: If MPK = r,the firm: Q53: Suppose the payments to capital and labor Q55: The marginal product of labor curve represents: Q56: In the Cobb-Douglas production function Q60: The marginal product of labor is measured
A)the amount
A) has
A)should hire more
A)the
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