In the Cobb-Douglas production function , labor's share of GDP is:
A) two-thirds, regardless of how much labor there is.
B) two-thirds, but can change as more laborers are added.
C) one-third, regardless of how much labor there is.
D) always equal to one.
E) Not enough information is given.

Question

In the Cobb-Douglas production function  , labor's share of GDP is:
A) two-thirds, regardless of how much labor there is. 
B) two-thirds, but can change as more laborers are added. 
C) one-third, regardless of how much labor there is. 
D) always equal to one. 
E) Not enough information is given.

Quizplus · Accepted Answer

The Answer of In the Cobb-Douglas production function  , labor's share of GDP is:
A) two-thirds, regardless of how much labor there is. 
B) two-thirds, but can change as more laborers are added. 
C) one-third, regardless of how much labor there is. 
D) always equal to one. 
E) Not enough information is given.

In the Cobb-Douglas Production Function , Labor's Share of GDP