Which of the Following Is True

Multiple Choice

Which of the following is true?

A) The Cobb-Douglas production function is given by the general formula Q = AL^αK^β and the constant elasticity of substitution is equal to 0.
B) The Cobb-Douglas production function is given by the general formula Q = AL^αK^β and the constant elasticity of substitution is equal to 1.
C) The Cobb-Douglas production function does not exhibit a constant elasticity of substitution.
D) The Cobb-Douglas production function always takes the form Q = K² L².