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State the Degree of Homogeneity of the Production Function Q=7K14(5L12K12+2K34)Q=7 K^{\frac{1}{4}}\left(5 L^{\frac{1}{2}} K^{\frac{1}{2}}+2 K^{\frac{3}{4}}\right)

Question 9

Multiple Choice

State the degree of homogeneity of the production function
Q=7K14(5L12K12+2K34) Q=7 K^{\frac{1}{4}}\left(5 L^{\frac{1}{2}} K^{\frac{1}{2}}+2 K^{\frac{3}{4}}\right)


A) 12\frac { 1 } { 2 }

B) 1

C) 34\frac { 3 } { 4 }

D) 14\frac { 1 } { 4 }

E) Not homogeneous

Correct Answer:

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