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A significant property of the Cobb – Douglas production function is that the elasticity of substitution between inputs is

A significant property of the Cobb - Douglas production function is that the elasticity of substitution between inputs is

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         

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