For a Production Process That Involves Two Inputs, Capital and Labor

Multiple Choice

For a production process that involves two inputs, capital and labor, the constant elasticity long-run total cost function defined in linear relationship using logarithms is:

A) $\log T C = \log a + b \log Q + c \log w + d \log r$
B) $\log T = \log \mathrm { t } + c \log Q + \mathrm { a } \log w + \mathrm { b } \log r$
C) $T = \log \mathrm { t } + c \log Q + \operatorname { alog } w + \mathrm { b } \log r$
D) $T = \mathrm { t } + c Q + \mathrm { a } w + \mathrm { b } r$