When a Cobb-Douglas function with at least two inputs shows the existence of constant returns to scale,

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When a Cobb-Douglas function with at least two inputs shows the existence of constant returns to scale, it implies that the marginal product of each input is diminishing. True or false? Explain.

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Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

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Question Posted: Jun 20, 2016 12:30 AM

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When a Cobb-Douglas function with at least two inputs shows the existence of constant returns to scale,

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Managerial Economics

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