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Cobb-douglas production function

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Reference no: EM132600848

If an economy's output is described by a Cobb-Douglas production function with constant returns to scale, then other things equal, which of the following statements is correct.

A. Increasing the level of capital per worker will result in a constant increase in labour productivity
B. Increase in capital per worker are subject to diminishing in returns
C. Improvements in the level of technology do not have any effect on labour productivity
D. Increases in capital per worker exhibits constant returns to scale
E. None of the above

Reference no: EM132600848

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