Economics · Microeconomics
Which of the following represents a correct standard form of the Cobb-Douglas production function with constant returns to scale?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Q = A L^{0.65} K^{0.35}✓
- 2Q = A L^{1.65} K^{0.35}
- 3Q = A L^{0.65} K^{-0.35}
- 4Q = A L^{-0.65} K^{0.35}
Correct answer
Q = A L^{0.65} K^{0.35}
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