acrespo2408 acrespo2408

14-03-2024
Business

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The output of an economic system that depends on the two variables capital K and labor L exhibiting constant returns to scale is often modeled by the Cobb-Douglas production function Q = cLaK¹−

a) cLbK¹−
b) cLaKᵇ
c) cLᵃKᵇ
d) cLaK¹+

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