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    Managerial Economics and Business Strategy Study Set 1
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    Exam 5: The Production Process and Costs
  5. Question
    The Cobb-Douglas Production Function Is
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The Cobb-Douglas Production Function Is

Question 179

Question 179

Multiple Choice

The Cobb-Douglas production function is:


A) Q = aK + bL.
B) Q = min {bK, cL}.
C) Q = max {bK, cL}.
D) Q = KaLb.

Correct Answer:

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