Q.
1
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A
The multiplicative form of the power function can be changed into its log-linear form.
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B
Power functions are not homogeneous because the sum of the exponents is not equal to degree 1.
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C
The parameters in the function a and b represent the elasticity coefficient of output for inputs (capital and labour) respectively.
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D
Constants a and b in the function represent share of inputs capital and labour in total output.