Cobb-Douglas production function.
A. Implies constant returns to scale
B. It considers all the factors of production.
C. The elasticity of substitution between the factors is less than one.
D. Is a non-linear homogeneous production function.
Answer:A
Cobb-Douglas production function.
A. Implies constant returns to scale B. It considers all the factors of production. C. The elasticity of substitution between the factors is less than one. D. Is a non-linear homogeneous production function.