Business, 20.04.2020 19:43 freemankellie

Which of the following is not one of the strengths of the Cobb-Douglas production function?

a. Both marginal product and returns to scale can be estimated from it.
b. It can be converted into a linear function for ease of calculation.
c. It shows a production function passing through increasing returns to constant returns and then to decreasing returns.
d. The sum of the exponents indicates whether returns to scale are increasing, constant or decreasing.

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Which of the following is not one of the strengths of the Cobb-Douglas production function?

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