The Following Is a Cobb-Douglas Production Function: Q = 1

question 26

Multiple Choice

The following is a Cobb-Douglas production function: Q = 1.75K^0.5·L^0.5.What is correct here?

• A) A one-percent change in L will cause Q to change by one percent
• B) A one-percent change in K will cause Q to change by two percent
• C) This production function displays increasing returns to scale
• D) This production function displays constant returns to scale
• E) This production function displays decreasing returns to scale

---

Definitions:

Racial Healing

Processes and efforts aimed at addressing and amending the wounds and divisions caused by racial prejudice and segregation.

Symbolic Encounters

Interactions between individuals or groups that involve significant exchange of symbols, often reflecting broader cultural or social meanings.

Color-Blindness

The ideology or policy of treating all persons equally regardless of their racial identity, often criticized for ignoring systemic racial inequalities.

Color-Blindness

An ideology that proposes disregarding racial characteristics when interacting with others, with the aim of reducing discrimination, although it's critiqued for ignoring systemic racial inequalities.