[Solved] For the Cobb-Douglas Production Function F(L,K)= ALαKβ,a Technical Change That

Question 62
Multiple Choice

For the Cobb-Douglas production function F(L,K)= ALαKβ,a technical change that increases the productivity of capital would be represented by:

A) an increase in the value of α.
B) an increase in the value of β.
C) values of α and β for which β > α.
D) an increase in the value of A.

10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.


Explore our library and get Economics Homework Help with various study sets and a huge amount of quizzes and questions


Study sets





Upload material to get free access

Upload Now Upload Now
Upload Now

Invite a friend and get free access

Upload NowInvite a friend
Invite a friend

Subscribe and get an instant access

See our plansSee our plans
See our plans