Which of the Following Represents a Short-Run Cubic Production Function $Q = a K ^ { 3 } L ^ { 3 } + b K ^ { - 2 } L ^ { 2 }$

question 12

Multiple Choice

Which of the following represents a short-run cubic production function?

• A) \(Q = a K ^ { 3 } L ^ { 3 } + b K ^ { - 2 } L ^ { 2 }\)
• B) \(Q = 3 A L ^ { 2 } + 2 B L \left( \text { where } A = a \bar { K } ^ { 3 } , B = b \bar { K } ^ { 2 } \right)\)
• C) \(Q = A L ^ { 3 } + B L ^ { 2 } \left( \text { where } A = a \bar { K } ^ { 3 } , B = b \bar { K } ^ { 2 } \right)\)
• D) \(Q = A L ^ { 2 } + B L \left( \text { where } A = a \overline { K ^ { - 3 } } , B = b \bar { K } ^ { 2 } \right)\)

---

Definitions:

Growth

Growth pertains to the increase in size, value, or importance of a business or an economy over a period of time, often measured in terms of revenue, profits, or market share.

Electric Staplers

Electronic devices designed to fasten sheets of paper together by driving a metal staple through them automatically.

General and Administrative Expense Budget

A plan that estimates the overhead and administrative costs for a company over a specific period.

Manufacturing Budget

An estimated financial plan that outlines the projected costs associated with production, including direct materials, labor, and overhead.