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A Cobb-Douglas production function: (Multiple Choice)
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A Cobb-Douglas production function: (Multiple Choice)
A Cobb-Douglas production function:
A) exhibits constant returns to scale.
B) exhibits increasing returns to scale.
C) exhibits decreasing returns to scale.
D) can exhibit constant, increasing, or decreasing returns to scale.
Textbook
Microeconomics
Edition:
8
th
Author:
Pindyck
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