Question: The Cobb - Douglas production function is given by LaTeX: Y : = :AK ^ { alpha } L ^ { 1

The Cobb-Douglas production function is given by LaTeX: Y\:=\:AK^{\alpha}L^{1-\alpha}Y=AK\alpha L1\alpha . Here LaTeX: \alpha\alpha is a given parameter that satisfies LaTeX: 0<\alpha<10<\alpha <1. The marginal product of capital is _______ and shows _________ returns to capital. The Cobb-Douglas production function displays __________ and the level of output per worker can be written as a function of the level of ______________
Group of answer choices
LaTeX: \alpha\frac{Y}{K}\alpha
Y
K
; diminishing marginal; constant returns to scale; capital per worker
LaTeX: \left(1-\alpha\right)\frac{Y}{K}(1\alpha )
Y
K
; increasing marginal; decreasing returns to scale; capital per worker
LaTeX: \alpha\frac{Y}{K}\alpha
Y
K
; diminishing marginal; constant returns to scale; technology
LaTeX: \alpha\frac{Y}{K}\alpha
Y
K
; diminishing marThe Cobb-Douglas production function is given by LaTeX: Y\:=\:AK^{\alpha}L^{1-\alpha}Y=AK\alpha L1\alpha . Here LaTeX: \alpha\alpha is a given parameter that satisfies LaTeX: 0<\alpha<10<\alpha <1. The marginal product of capital is _______ and shows _________ returns to capital. The Cobb-Douglas production function displays __________ and the level of output per worker can be written as a function of the level of ______________
Group of answer choices
LaTeX: \alpha\frac{Y}{K}\alpha
Y
K
; diminishing marginal; constant returns to scale; capital per worker
LaTeX: \left(1-\alpha\right)\frac{Y}{K}(1\alpha )
Y
K
; increasing marginal; decreasing returns to scale; capital per worker
LaTeX: \alpha\frac{Y}{K}\alpha
Y
K
; diminishing marginal; constant returns to scale; technology
LaTeX: \alpha\frac{Y}{K}\alpha
Y
K
; diminishing marginal; increasing returns to scale; capital per workeginal; increasing returns to scale; capital per workerThe Cobb-Douglas production function is given by LaTeX: Y\:=\:AK^{\alpha}L^{1-\alpha}Y=AK\alpha L1\alpha . Here LaTeX: \alpha\alpha is a given parameter that satisfies LaTeX: 0<\alpha<10<\alpha <1. The marginal product of capital is _______ and shows _________ returns to capital. The Cobb-Douglas production function displays __________ and the level of output per worker can be written as a function of the level of ______________
Group of answer choices
LaTeX: \alpha\frac{Y}{K}\alpha
Y
K
; diminishing marginal; constant returns to scale; capital per worker
LaTeX: \left(1-\alpha\right)\frac{Y}{K}(1\alpha )
Y
K
; increasing marginal; decreasing returns to scale; capital per worker
LaTeX: \alpha\frac{Y}{K}\alpha
Y
K
; diminishing marginal; constant returns to scale; technology
LaTeX: \alpha\frac{Y}{K}\alpha
Y
K
; diminishing marginal; increasing returns to scale; capital per worker

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