The Cobb-Douglas Production Function F(L,K)= AL^αK^β Will Exhibit Decreasing Returns

question 27

Multiple Choice

The Cobb-Douglas production function F(L,K) = AL^αK^β will exhibit decreasing returns to scale when:

• A) α + β = 1.
• B) α + β < 1.
• C) α + β > 1.
• D) α + β = 0.

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