A Cobb-Douglas production function means that as long as either of the 2 input is nonzero, the production will be positive since production function is a black box. True or false.
A Cobb-Douglas production function means that as long as either of the 2 input is nonzero, the production will be positive since production function is a black box. True or false.
Chapter9: Production Functions
Section: Chapter Questions
Problem 9.7P
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A Cobb-Douglas production function means that as long as either of the 2 input is nonzero, the production will be positive since production function is a black box. True or false.
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