The Primary Purpose of the Cobb-Douglas Power Function Is To

Multiple Choice

The primary purpose of the Cobb-Douglas power function is to:

A) allow one to make estimates of cost-output relationships
B) allow one to make predictions about a resulting increase in output for a given increase in the inputs
C) aid one in gaining accurate empirical values for economic variables
D) calculate a short-run linear total cost function
E) a and b