Question: Suppose a country's production function can be represented by a Cobb-Douglas. Also suppose the country's labor (N) decreases in a year while its physical capital

Suppose a country's production function can be represented by a Cobb-Douglas. Also suppose the country's labor (N) decreases in a year while its physical capital stock and total factor productivity remains constant. Which of the following is likely to happen to the marginal productivity of capital? 0 The marginal productivity of capital will decrease O The marginal productivity of capital will increase 0 The marginal productivity of capital will remain constant 0 None of the above

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