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When a Production Function Can Be Expressed As Q=min{aK,BL}Q = \min \{ a K , B L \}

Question 6

Multiple Choice

When a production function can be expressed as Q=min{aK,BL}Q = \min \{ a K , B L \} ,the relationship between capital and labor in the production function is that:


A) capital and labor are perfect substitutes, and the isoquants are linear.
B) capital and labor must be combined in fixed proportions, and the isoquants are L-shaped.
C) capital and labor are easily substituted, and the isoquants are convex to the origin.
D) capital and labor are perfect substitutes, and the isoquants are L-shaped.

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