Question
)Show that the Cobb-Douglas production is Q=AK a L 1-a where Q is total output, K is capital stock, L is labour stock and A
- )Show that the Cobb-Douglas production is Q=AKaL1-a
where Q is total output, K is capital stock, L is labour stock and A and a are positiveconstants, exhibit constant returns to scale.
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
