One of the Key Characteristics of the Cobb-Douglas Production Function

question 65

Multiple Choice

One of the key characteristics of the Cobb-Douglas production function is:

• A) increasing returns to scale.
• B) decreasing returns to scale.
• C) constant returns to scale.
• D) that it compacts all inputs into a single equation.
• E) that it is an exact replication of a firm's production function.

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