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Consider the production of copper pipes that can be represented by a production function that is Cobb-Douglas. Such a production function represents production where capital

Consider the production of copper pipes that can be represented by a production function that is Cobb-Douglas. Such a production function represents production where capital and labor

Multiple Choice

  • cannot be substituted.
  • are perfect substitutes.
  • are partly substitutable.
  • cannot be determined.

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