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Today General Knowledge(GK)
Cobb-Douglas production function in its initial form has the following properties
A)
Elasticity of substitution as constant and unity
B)
Elasticity of substitution as unity
C)
Constant return to scale
D)
Power function

Correct Answer : Option (A) - Elasticity of substitution as constant and unity


Published On : May 22, 2021
Category : Business and Economics
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