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In a Cobb-Douglas Production Function,the Law of Diminishing Returns Does

Question 105

Multiple Choice

In a Cobb-Douglas production function,the law of diminishing returns does not apply to a variable input if:


A) the power associated with the input is less than one.
B) the sum of the powers of the other inputs is equal to one.
C) the sum of the powers of the other inputs is greater than one.
D) the power associated with the input is equal to or greater than unity.

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