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

question 47

Multiple Choice

Which of the following profit functions exhibits a Cobb-Douglas production function?

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

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Definitions:

Outermost Zone

A term typically referring to the furthest or most remote area within a particular boundary or geographical region.

Metamorphic Rock

Rock formed from the transformation of existing rock types through high pressure, high temperature, or both, without melting into liquid magma.

Slate

A fine-grained, foliated, metamorphic rock commonly used in roofing, flooring, and other construction applications.

Marble

A metamorphic rock formed from limestone, characterized by its veined appearance and used in sculpture and architecture.