Multiple Choice
The Cobb-Douglas production function has which of the following properties?
A) output is a linear increasing function of each of the inputs
B) it provides a good fit to the traditional S-shaped production function
C) the elasticity of production is constant and equal to 1 minus the exponent of the appropriate variable
D) all of the above
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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