Consider the following Cobb Douglas production function f ( x 1 x 2 ) x 1 1 3 x 2 2 3 Is the production function above a Convex b Constant c Not enough information d Concave

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Consider the following Cobb-Douglas production function: f ( x 1 ; x 2 ) = x 1 1/3 x 2 2/3 Is the production function

Consider the following Cobb-Douglas production function:

f(x₁;x₂) =x₁^1/3x₂^2/3

Is the production function above:

a.Convex

b.Constant

c.Not enough information

d.Concave

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