Which of the Following Profit Functions Exhibits a Leontief Production $\pi$

question 90

Multiple Choice

Which of the following profit functions exhibits a Leontief production function?

• A)\(\pi\) = P x K^0.75L^0.50 - 20L - 35K.
• B)\(\pi\) = P x min(2L, 5K) - 20L - 35K.
• C)\(\pi\) = P x (3K + 4L) - 20L - 35K.
• D)\(\pi\) = P x (3K^0.5 + 4L^0.5)^1/0.2 - 20L - 35K.