In the Cobb-Douglas production function, Y = K1/41 3/4 then A. capital's share of GDP is four. O B. labor's share of GDP is half.
In the Cobb-Douglas production function, Y = K1/41 3/4 then A. capital's share of GDP is four. O B. labor's share of GDP is half. C. capital's share of GDP is one-fourth. O D. labor's share of income is one-fourth. O E. capital's share of GDP is three-fourths
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
