Economics · Economics

Which of the following represents the Cobb-Douglas production function, where Q is the total output, K is the capital input, and L is the labor input?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Q = aKL
2Q = aK^αL^(1-α)✓
3Q = aKLa+1
4Q = aKL-1

Correct answer

Q = aK^αL^(1-α)

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Which of the following represents the Cobb-Douglas production function, where Q is the total output, K is the capital input, and L is the labor input?

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Which of the following represents the Cobb-Douglas production function, where Q is the total output, K is the capital input, and L is the labor input?

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