Which of the Following Is Not a Distinguishing Characteristic of the Cobb-Douglas

question 47

Multiple Choice

Which of the following is not a distinguishing characteristic of the Cobb-Douglas production function?

• A) The function exhibits constant returns to scale.
• B) The function exhibits diminishing returns.
• C) Capital and labour both earn shares of total income equal to the value of their exponents in the production function.
• D) Labours share of income cannot exceed 0.5.

Recognize the limitations and qualifications for self-employed individuals’ tax deductions including health insurance and self-employment tax.

Distinguish between alimony, child support, and property settlements in tax documentation.

Comprehend the contribution requirements and benefits of Health Savings Accounts (HSAs).

Understand the criteria for deductibility of moving expenses for taxpayers.