With a Cobb-Douglas Technology, When α+ β= 1, We Have

question 6

Multiple Choice

With a Cobb-Douglas technology, when α+ β= 1, we have

• A) constant returns to scale
• B) increasing returns to scale
• C) decreasing returns to scale

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Definitions:

Electron Transport

A series of chemical reactions during which electrons are transferred through a chain of protein complexes in the mitochondria, generating ATP, the cell's energy currency.

Transamination

A biochemical process that transfers an amino group from an amino acid to a keto acid, altering amino acid structure.

Essential Amino Acids

Indispensable amino acids that the body cannot synthesize on its own and must be obtained through diet.

Amine Group

A functional group and form of nitrogen compound found in amino acids and neurotransmitters, characterized by a nitrogen atom attached to one or more alkyl groups.