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

question 45

Multiple Choice

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

Superego

The superego is one of the three parts of the human psyche in Freudian psychoanalytic theory, acting as the ethical component of the personality by providing moral standards.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, superego, and reality.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Unconscious

A part of the mind that contains thoughts, memories, and desires not within conscious awareness, but can influence behavior and emotions.