Which of the Following Is True?
A) the Cobb-Douglas $\mathrm { Q } = \mathrm { AL } \mathrm { K } ^ { \beta }$

question 52

Multiple Choice

Which of the following is true?

• A) The Cobb-Douglas production function is given by the general formula \(\mathrm { Q } = \mathrm { AL } \mathrm { K } ^ { \beta }\) and the constant elasticity of substitution is equal to 0 .
• B) The Cobb-Douglas production function is given by the general formula \(\mathrm { Q } = \mathrm { AL } \mathrm { K } ^ { \beta }\) and the constant elasticity of substitution is equal to 1 .
• C) The Cobb-Douglas production function does not exhibit a constant elasticity of substitution.
• D) The Cobb-Douglas production function always takes the form \(Q = K ^ { 2 } L ^ { 2 }\).

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