Question

________ has propounded that "output is a function of labour and capital".

A Cobb-Douglas Correct Answer Incorrect Answer
B John Fei and Gustav Ranis Correct Answer Incorrect Answer
C Lewis Correct Answer Incorrect Answer
D Kaldor Correct Answer Incorrect Answer

Solution

The Cobb-Douglas production function is a famous economic theory that states that the volume of output of a production is dependent on the amounts of labor and capital used, along with a constant representing technology.

Practice Next
×
×