Multiple Choice
Which of the following profit functions exhibits a Cobb-Douglas production function?
A) = P × K0.75L0.50 − 20L − 35K
B) = P × min (2L, 5K) − 20L − 35K
C) = P × (3K + 4L) − 20L − 35K
D) = P × (3K0.5 + 4L0.5) 1/0.2 − 20L − 35K
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q40: The isoquants are normally drawn with a
Q41: In order for isoquants to have a
Q42: As the usage of an input increases,marginal
Q43: The marginal product of an input is
Q44: If the production function is Q =
Q46: Suppose the production function is given by
Q47: When marginal cost curve is below an
Q48: Changes in the price of an input
Q49: Suppose the cost function is C(Q)= 50
Q50: Which curve(s)does the marginal cost curve intersect