In the Cobb Douglas functions the change in Output due to increase in one additional unit of an input is called?

CA Foundation · Business Economics · MTP · May 2026
In the Cobb Douglas functions the change in Output due to increase in one additional unit of an input is called?
(A) A. Elasticity
(B) B. Return to scale
(C) C. Total Product
(D) D. Marginal Revenue

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Return to scale

Topics: Theory of Production and Cost

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