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    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.

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