Which of the Following Profit Functions Exhibits a Cobb-Douglas Production $\pi$

question 45

Multiple Choice

Which of the following profit functions exhibits a Cobb-Douglas 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.

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Definitions:

Legal Status

The standing of an individual, organization, or activity as defined by the law, such as legality, illegality, or exemption from legal prosecution.

Neglect

The failure to provide necessary care, assistance, or attention, resulting in potential or actual harm to the health, safety, or welfare of an individual or entity.

Physical Needs

Basic requirements of the human body necessary for maintaining life and physical health, such as air, food, water, shelter, and sleep.

Emotional Needs

Psychological requirements essential for mental well-being, such as love, acceptance, and a sense of belonging.