Given a Production Function Q = 3LK, We Can Say

question 61

Multiple Choice

Given a production function Q = 3LK, we can say that

• A) this production function is not Cobb-Douglas.
• B) this production function is Cobb-Douglas and exhibits decreasing returns to scale.
• C) this Cobb-Douglas production function does not exhibit a constant elasticity of substitution.
• D) this production function is Cobb-Douglas and exhibits increasing returns to scale.

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