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The Original Cobb-Douglas Function Was Given as

Question 24

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The original Cobb-Douglas function was given as The original Cobb-Douglas function was given as .It was subsequently rewritten as .What benefit was derived in the revision? A) the function becomes a non-linear relationship so it would fit to production curves having an S shape B) returns to scale can be shown in the revision C) returns to scale become constant D) a and b only E) a,b,and c .It was subsequently rewritten as The original Cobb-Douglas function was given as .It was subsequently rewritten as .What benefit was derived in the revision? A) the function becomes a non-linear relationship so it would fit to production curves having an S shape B) returns to scale can be shown in the revision C) returns to scale become constant D) a and b only E) a,b,and c .What benefit was derived in the revision?


A) the function becomes a non-linear relationship so it would fit to production curves having an "S" shape
B) returns to scale can be shown in the revision
C) returns to scale become constant
D) a and b only
E) a,b,and c

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