Which of the Following Profit Functions Exhibits a Leontief Production

question 160

Multiple Choice

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

• A)  = P × K^0.75L^0.50 − 20L − 35K
• B)  = P × min (2L, 5K) − 20L − 35K
• C)  = P × (3K + 4L) − 20L − 35K
• D)  = P × (3K^0.5 + 4L^0.5)^1/0.2 − 20L − 35K

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Definitions:

Direct Approach

A communication strategy that is straightforward and clear, without indirectness or evasion.

Negative Responses

Reactions that express disagreement, dissatisfaction, or other forms of refusal or denial.

Indirect Method

An approach in communication or problem-solving that is not straightforward and uses alternative means, often involving suggestion rather than direct expression.

Delayed

The state of being postponed or running later than scheduled, often causing inconvenience or requiring adjustments.