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(b) Outline, and describe, some of the major properties of the Cobb-Douglas production function. [50 marks] (b) Outline, and describe, some of the major properties

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(b) Outline, and describe, some of the major properties of the Cobb-Douglas production function. [50 marks]

(b) Outline, and describe, some of the major properties of the Cobb-Douglas production function. [50 marks]

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