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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