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 in this case of output? @ Its total output will increase 0 Its total output will decrease 0 Its total output will remain constant. 0 None of the above

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