In the Cobb-Douglas production function (Q = $\alpha$L ^$\beta$1 K ^$\beta$2 ): A) the marginal product of labor (L) is equal to $\beta$1 B) the average product of labor (L) is equal to $\beta$2 C) if the amount of labor input (L) is increased by 1 percent, the output will increase by $\beta$1 percent D) a and b E) a and c

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The Answer of In the Cobb-Douglas production function (Q = $\alpha$L ^$\beta$1 K ^$\beta$2 ): A) the marginal product of labor (L) is equal to $\beta$1 B) the average product of labor (L) is equal to $\beta$2 C) if the amount of labor input (L) is increased by 1 percent, the output will increase by $\beta$1 percent D) a and b E) a and c

In the Cobb-Douglas Production Function (Q = α\alphaα L β\betaβ 1 K

In the Cobb-Douglas Production Function (Q = $\alpha$ L ^{$\beta$ 1} K