Q. A significant property of the Cobb – Douglas production function is that the elasticity of substitution between inputs is:
A. Equal to unity
B. More than unity
C. Less than unity
D. Zero
Answer: Equal to unity
Q. A significant property of the Cobb – Douglas production function is that the elasticity of substitution between inputs is:
A. Equal to unity
B. More than unity
C. Less than unity
D. Zero
Answer: Equal to unity