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

True/False

The Cobb-Douglas production function is given by the general formula $\mathrm { Q } = \mathrm { AL } ^ { \alpha } \mathrm { K } ^ { \beta }$ and the constant elasticity of substitution is equal to 1 .