Question: Consider the Cobb-Douglas production function f(x, y) = 20x/y/. Compute (8, 1), (1, 27), and (8, 27). Show that, for any positive constant k.

Consider the Cobb-Douglas production function f(x, y) = 20x/y/. Compute (8, 1), (1, 27), and (8, 27). Show that, for any positive constant k. f(8k, 27k) = k(8, 27).

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