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Basic Question 10 of 11
In the Cobb-Douglas production function, if K/L increases, then:
B. MPL will increase and MPK will decrease.
C. Both MPK and MPL will decrease.
A. MPK will increase and MPL will decrease.
B. MPL will increase and MPK will decrease.
C. Both MPK and MPL will decrease.
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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.