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Basic Question 4 of 11
In the Cobb-Douglas production function, if we keep K constant, increases in L will:
B. increase MPL.
C. decrease MPK.
A. decrease MPL.
B. increase MPL.
C. decrease MPK.
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
contrast capital deepening investment and technological progress and explain how each affects economic growth and labor productivity;
demonstrate forecasting potential GDP based on growth accounting relations;
CFA® 2025 Level II Curriculum, Volume 1, Module 9.