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The Cobb-Douglas Production Function Is Given by the General Formula Q=ALαKβQ = \mathrm { AL } ^ { \alpha } \mathrm { K } ^ { \beta }

Question 104

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The Cobb-Douglas production function is given by the general formula Q=ALαKβQ = \mathrm { AL } ^ { \alpha } \mathrm { K } ^ { \beta } and the constant elasticity of substitution is equal to 0 .

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