The parameter of the Cobb-Douglas production function
A) governs how fast diminishing returns to savings sets in.
B) governs how fast diminishing returns to investment sets in.
C) governs how fast diminishing returns to labor sets in.
D) governs how fast diminishing returns to technology sets in.

Question

The parameter    of the Cobb-Douglas production function
A) governs how fast diminishing returns to savings sets in. 
B) governs how fast diminishing returns to investment sets in. 
C) governs how fast diminishing returns to labor sets in. 
D) governs how fast diminishing returns to technology sets in.

Quizplus · Accepted Answer

The Answer of The parameter    of the Cobb-Douglas production function
A) governs how fast diminishing returns to savings sets in. 
B) governs how fast diminishing returns to investment sets in. 
C) governs how fast diminishing returns to labor sets in. 
D) governs how fast diminishing returns to technology sets in.

The Parameter of the Cobb-Douglas Production Function