Economics · Microeconomics
In the Cobb-Douglas production function Q=AK α L β , the exponents α and β measure:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The elasticity of substitution
- 2The marginal rate of technical substitution
- 3The output elasticity of inputs✓
- 4The level of technological progress
Correct answer
The output elasticity of inputs
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