Given a Cobb-Douglas Production Function Estimate of Q = 1

question 5

Multiple Choice

Given a Cobb-Douglas production function estimate of Q = 1.19L^.72K^.18 for a given industry,this industry would have:

• A) increasing returns to scale
• B) constant returns to scale
• C) decreasing returns to scale
• D) negative returns to scale
• E) none of the above

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