The Leontief Production Function

question 84

Multiple Choice

The Leontief production function:

• A) implies inputs are used in variable proportions.
• B) implies inputs are used in fixed proportions.
• C) is Q = max {bK, cL}.
• D) is Q = aK + bL.

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Definitions:

Chloride

A chemical element or compound (often sodium chloride or potassium chloride) that plays essential roles in fluid balance and acid-base balance in the body.

Anions

Negatively charged ions, which move towards the anode (positive electrode) during electrolysis.

Charged Particles

Ions or electrons that carry an electrical charge, fundamental to numerous physical and chemical processes.

Sodium Chloride

A chemical compound commonly known as table salt, consisting of sodium and chloride ions.