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.

---

Definitions:

Gender Role Socialization

The process by which individuals learn the cultural norms and expectations associated with their assigned gender roles.

Direct Speech

The repetition of someone's spoken or written words, quoting them exactly, often framed within quotation marks in written texts.

Roughly

Roughly means approximately or about, indicating an estimate rather than an exact number.

Social Learning Perspective

A theory that posits people learn new behaviors and norms through imitation, observation, and modeling, especially by witnessing the actions of others.