Economics · Production Function
Which of the following are NOT properties of the Cobb-Douglas production function? A. Cobb-Douglas production function is a homogeneous production function B. Curves representing average and marginal productivity of inputs are not downward sloping C. Marginal productivity of labour and capital in Cobb-Douglas production function are functions of the capital-labour ratio D. Iso-quants of Cobb-Douglas production functions are positively sloped
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1C and D only
- 2B and C only
- 3B and D only✓
- 4A and B only
Correct answer
B and D only
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