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Show That the Cobb-Douglas Production Function Q=K1//4L3/4Q = K ^ { 1 / / 4 } L ^ { 3 } / 4

question 77

Essay

Show that the Cobb-Douglas production function Q=K1//4L3/4Q = K ^ { 1 / / 4 } L ^ { 3 } / 4 exhibits the law of diminishing marginal rate of technical substitution.


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Diversity Jurisdiction

Federal courts' authority to hear lawsuits involving parties from different states or countries, based on their diversity of citizenship.

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A firm that is authorized by statute to act as a legal entity separate and distinct from its owners (shareholders).

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Courts established by the federal government of a country, which have jurisdiction over matters outlined in the federal constitution.

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