The production function =K where 0≤,≤1 is called a Cobb-Douglas production function. This function is widely used in economic research. Using this function, show the following:

A) The production function =10√K is a special case of the Cobb-Douglas.

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12-06-2024
Business

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The production function =K where 0≤,≤1 is called a Cobb-Douglas production function. This function is widely used in economic research. Using this function, show the following:

A) The production function =10√K is a special case of the Cobb-Douglas.

Sagot :

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