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If a Cobb-Douglas Production Function Has Alpha = 0

Question 4

Multiple Choice

If a Cobb-Douglas production function has alpha = 0.34 and beta = 0.42, then a 1% increase in inputs results in a(n) ________ change in output.

A) 0.8%
B) 8%
C) 0.76%
D) -0.76%

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