In a Cobb-Douglas Production Function,the Law of Diminishing Returns Does

question 105

Multiple Choice

In a Cobb-Douglas production function,the law of diminishing returns does not apply to a variable input if:

• A)the power associated with the input is less than one.
• B)the sum of the powers of the other inputs is equal to one.
• C)the sum of the powers of the other inputs is greater than one.
• D)the power associated with the input is equal to or greater than unity.

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