Cobb-Douglas Production Functions Can Never Possess Varying Returns to Scale

question 53

True/False

Cobb-Douglas production functions can never possess varying returns to scale.

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Definitions:

Discrimination

involves unfair or prejudicial treatment of individuals based on characteristics such as race, age, gender, etc.

Oppression

The systemic and pervasive exercise of power or authority that results in the cruel or unjust treatment of individuals or groups.

Discrimination

Unfair or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.

Bigotry

Intolerance toward those who hold different opinions from oneself, often manifesting in prejudice and discrimination.