Subjective Questions on Show that Cobb Douglas production function Q ALa K1 where symbols have usual meaning exhib........... for Indian Economic Service Preparation

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Subjective Questions

Show that Cobb Douglas production function Q ALa K1 where symbols have usual meaning exhib...........

Economics-I Theory of Production and Cost
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    Show that Cobb-Douglas production function Q =ALa K1-\alpha, where symbols have usual meaning, exhibits constant returns to scale but diminishing 

    returns to a factor of production. (50 words) (5 Marks)

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