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duo21 duo21
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A year ago
Which of the following is TRUE?

▸ The Cobb-Douglas production function exhibits increasing returns to scale.

▸ The sum of the coefficients of capital and the total efficiency units of labor in a Cobb-Douglas production function is less than 1.

▸ The Cobb-Douglas production function exhibits constant returns to scale.

▸ The sum of the coefficients of capital and the total efficiency units of labor in a Cobb-Douglas production function is greater than 1.
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Macroeconomics

Macroeconomics


Edition: 3rd
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sandra15sandra15
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A year ago
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duo21 Author
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A year ago
this is exactly what I needed
DAGINC
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Yesterday
Helped a lot
shelbycox
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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