Given a Cobb-Douglas Production Function Estimate of Q = 1

question 5

Multiple Choice

Given a Cobb-Douglas production function estimate of Q = 1.19L^.72K^.18 for a given industry,this industry would have:

• A) increasing returns to scale
• B) constant returns to scale
• C) decreasing returns to scale
• D) negative returns to scale
• E) none of the above

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Definitions:

Muscular Contraction

Muscular contraction is the process where muscle fibers shorten or contract, generating force and movement in the body.

Extraembryonic Membrane

These are membranes outside the embryo that play vital roles in development and exchange in vertebrate embryos, such as the amnion, chorion, and others.

Neural Plate

The neural plate is a key developmental structure that serves as the foundation for the nervous system, forming from ectoderm and eventually folding to become the neural tube.

Blastocyst

The mammalian blastula. See blastula.