Why is a CobbDouglas production function useful for analyzing economic growth?

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Why is a Cobb–Douglas production function useful for analyzing economic growth?

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Macroeconomics

ISBN: 978-0134472119

6th Edition

Authors: Stephen D. Williamson

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Question Posted: Feb 21, 2020 07:58 AM

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Why is a CobbDouglas production function useful for analyzing economic growth?

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A CobbDouglas production function models the relationship between production o...View the full answer

Macroeconomics

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