In the Cobb-Douglas production function given as: Q = A L a k 1-a the share of labour in total production is:

CA Foundation · Business Economics · MTP · June 2024
In the Cobb-Douglas production function given as: Q = A L a k 1-a the share of labour in total production is:
(A) A. a
(B) B. 1-a
(C) C. A
(D) D. a.L

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. a

Topics: Theory of Production and Cost

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