When a Production Function Has the Form $$\mathrm { Q } = \mathrm { aL } + \mathrm { bK }$$

question 92

Multiple Choice

When a production function has the form $$\mathrm { Q } = \mathrm { aL } + \mathrm { bK }$$ , we can say that:

• A)the production function is linear and the inputs are perfect substitutes.
• B)the production function is linear and the inputs are perfect complements.
• C)the production function is linear and the inputs are used in fixed factor proportions only.
• D)the production function is non-linear and the inputs are perfect substitutes.

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Definitions:

Opium

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Morphine

A powerful opioid pain medication derived from the opium poppy, used to treat moderate to severe pain by acting directly on the central nervous system.

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An opioid drug made from morphine, a natural substance taken from the seed pod of various opium poppy plants, often used illicitly.

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