General Knowledge · General Studies
The Cobb-Douglas production function Q = AL α K (1-α) is based on which concept?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Decreasing Returns to Scale
- 2Constant Returns to Scale✓
- 3Increasing Returns to Scale
- 4Negative Returns to Scale
Correct answer
Constant Returns to Scale
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