Multiple Choice
Which of the following profit functions exhibits a Leontief production function?
A) = P x K0.75L0.50 - 20L - 35K.
B) = P x min(2L, 5K) - 20L - 35K.
C) = P x (3K + 4L) - 20L - 35K.
D) = P x (3K0.5 + 4L0.5) 1/0.2 - 20L - 35K.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q35: To open a new business,a manager must
Q46: Suppose the production function is given by
Q85: Suppose the production function of automobiles is
Q86: Suppose the w = $20 and r
Q87: The combinations of inputs that produce a
Q89: The total costs for Morris Industries are
Q91: Two firms producing identical products may merge
Q92: Cost complementary exits in a multiproduct cost
Q93: Isoquants are normally drawn with a convex
Q182: Suppose the production function is given by