In the Cobb-Douglas production function , if a = 1/4, then:
A) capital's share of GDP is one-fourth.
B) labor's share of GDP is half.
C) capital's share of GDP is three-fourths.
D) labor's share of income is one-fourth.
E) capital's share of GDP is four.

Question

In the Cobb-Douglas production function  , if a = 1/4, then:
A) capital's share of GDP is one-fourth. 
B) labor's share of GDP is half. 
C) capital's share of GDP is three-fourths. 
D) labor's share of income is one-fourth. 
E) capital's share of GDP is four.

Quizplus · Accepted Answer

The Answer of In the Cobb-Douglas production function  , if a = 1/4, then:
A) capital's share of GDP is one-fourth. 
B) labor's share of GDP is half. 
C) capital's share of GDP is three-fourths. 
D) labor's share of income is one-fourth. 
E) capital's share of GDP is four.

In the Cobb-Douglas Production Function , If a =