A production function of the form $Y = K ^ { 2 } L ^ { 1 - a }$
is called the Cobb-Douglas production function.

Name: A production function of the form $Y = K ^ { 2 } L ^ { 1 - a }$ is called the Cobb-Douglas production function.
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Question

A production function of the form $Y = K ^ { 2 } L ^ { 1 - a }$ 
is called the Cobb-Douglas production function.

Quizplus · Accepted Answer

The given statement is true because the Cobb-Douglas production function is a specific type of production function that has the form $Y = K ^ { 2 } L ^ { 1 - a }$, where Y is output, K is capital, L is labor, and a is a constant.

A Production Function of the Form Y=K2L1−aY = K ^ { 2 } L ^ { 1 - a }Y=K2L1−a

A Production Function of the Form $Y = K ^ { 2 } L ^ { 1 - a }$