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A significant property of the Cobb-Douglas production function is that the elasticity of substitution between inputs is

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A significant property of the Cobb-Douglas production function is that the elasticity of substitution between inputs is

A).  Equal to 1

B).  More than 1

C).  Less than 1

D).  0


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Answered by on | Votes 0 |

 Equal to 1



A significant property of the Cobb-Douglas production function is that the elasticity of substitution between inputs is Equal to 1.

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