Which of the Following Is (Are) Example(s) of Production Functions

question 67

Multiple Choice

Which of the following is (are) example(s) of production functions?
I. Q = 56K + 18L
II. Q = 2K^0.8L^0.2
III. Q = KL

• A) II and III
• B) I, II, and III
• C) II
• D) I

---

Definitions:

Sales Commissions

A form of compensation to salespersons for their sales achievements, usually calculated as a percentage of the sales they generate.

Net-of-Tax Basis

A method of presenting financial figures after the effect of taxes has been considered or deducted.

Depreciable Equipment

Tangible assets, such as machinery or hardware, acquired for use in operations, which lose value over time due to usage, wear and tear, or obsolescence and can be depreciated.

Prior-Period Adjustment

Corrections of errors made in previously published financial statements, not considered ordinary adjustments.