17. What determines the distribution of national income between labor and capital in a competitive,.

17. What determines the distribution of national income between labor and capital in a competitive, profit-maximizing economy with constant returns to scale? A) the relative quantity of labor to capital b) the interest rate c) the ratio of public saving to private saving d) the marginal productivity of labor relative to the marginal productivity of capital 18. If the production function describing an economy is Y = 100 K.25L.75, then the share of output going to labor: a) is 25 percent. B) is 75 percent. C) depends on the quantities of labor and capital. D) depends on the state of technology.

 

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