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
Equal to 1
A significant property of the Cobb-Douglas production function is that the elasticity of substitution between inputs is Equal to 1.
3. Question 4(iii):Wouldn't you be opposed to increase in price of petrol?
4. An underdeveloped economy is characterized by
5. Harmful bacteria in potable water make the water
6. The Second Five Year Plan laid more stress upon :
9. Question 1:What are the characteristics of a perfectly competitive market?