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A significant property of the Cobb-Douglas production function is that the elasticity of substitution between inputs is
- AEqual to 1
- BMore than 1
- CLess than 1
- D0
Correct answer: A
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CCommunity
Equal to 1
A significant property of the Cobb-Douglas production function is that the elasticity of substitution between inputs is Equal to 1.
A significant property of the Cobb-Douglas production function is that the elasticity of substitution between inputs is Equal to 1.