The Original Cobb-Douglas Function Was Given as

question 18

Multiple Choice

The original Cobb-Douglas function was given as .It was subsequently rewritten as .What benefit was derived in the revision?

• A)the function becomes a non-linear relationship so it would fit to production curves having an "S" shape
• B)returns to scale can be shown in the revision
• C)returns to scale become constant
• D)a and b only
• E)a,b,and c

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Definitions:

Toddler

A child who walks with short, uncertain steps.

Neonates

Newborn infants, especially those in the first four weeks after birth, emphasizing early developmental and care needs.

Axons

Threadlike structures of neurons that transmit electrical impulses away from the neuron's cell body.

Differentiation

The process of becoming distinct or specialized in structure or function, or the mathematical process of finding a derivative.