For the Cobb-Douglas Production Function?
کاب ڈگلس پیداوار فنکشن میں کون سا قانون لاگو ہوتا ہے؟
- The law of increasing returns to scale holds
- The law of diminishing returns to scale holds
- The law of constant returns to scale holds
- None of these
Explanation
- The Cobb–Douglas production function explains the relationship between inputs (labor & capital) and output.
- In its standard form, it assumes constant returns to scale.
- This means if all inputs are increased by the same proportion, output increases in the same proportion.
- It is widely used in production and growth analysis.
Last verified on 22-04-2026
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