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The Cobb-Douglas Production Function q=k .5l .75q = k ^ { ~.5 } l ^ {~ .75 }

Question 14

Multiple Choice

The Cobb-Douglas production function q=k .5l .75q = k ^ { ~.5 } l ^ {~ .75 } yields the cost function C = (where B is a constant) .


A) Bqv1/2w3/4B q v ^ { 1 / 2 } w ^ { 3 / 4 } .
B) Bq5/4 v1/2 w3/4B q ^ { 5 / 4 }~ v ^ { 1 / 2 } ~w ^ { 3 / 4 } .
C) Bq4/5  vI/2  w3/4B q ^ { 4 / 5 } ~~v ^ { I / 2 } ~~w ^ { 3/4 } .
D) Bq4/5  v2/5  w3/5B q ^ { 4 / 5 } ~~v ^ { 2 / 5 } ~~w ^ { 3 / 5 } .

Correct Answer:

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