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Basic Question 1 of 11

Let α = 1/3 in the Cobb-Douglas production function. If both L and K increase by 10%, the output will increase by:

A. 10%.
B. 20%.
C. Cannot be calculated.

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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu

Learning Outcome Statements

explain how natural resources affect economic growth and evaluate the argument that limited availability of natural resources constrains economic growth;

explain how demographics, immigration, and labor force participation affect the rate and sustainability of economic growth;

explain how investment in physical capital, human capital, and technological development affects economic growth;

CFA® 2025 Level II Curriculum, Volume 1, Module 9.