Question

15. Figure 8.58 gives contour diagrams for different Cobb- Douglas production functions F(L, K). Match each con- tour diagram with the correct statement. (A) Tripling each input triples output. (B) Quadrupling each input doubles output. (C) Doubling each input almost triples output. ) K F 1 F 1 F-2 Figure 8.58

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Answer 1

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