Multiple Choice
Given a production function ,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.
Correct Answer:

Verified
Correct Answer:
Verified
Q50: <span class="ql-formula" data-value="\text { The Cobb-Douglas production
Q51: The production function represents:<br>A)the quantity of inputs
Q52: Which of the following is true?
Q53: When labor is the only input to
Q54: Consider comparing the relationship between marginal
Q56: Returns to scale refers to:<br>A)the increase in
Q57: A measure of how quickly the marginal
Q58: <span class="ql-formula" data-value="\text { Consider the CES
Q59: The production function identifies the technically feasible
Q60: For the production function <span