The Following Equation Is an Example of ________ $$Y = F ( K , L ) = \bar { A } K ^ { 1 / 3 } L ^ { 2 / 3 }$$

question 21

Multiple Choice

The following equation is an example of ________: $$Y = F ( K , L ) = \bar { A } K ^ { 1 / 3 } L ^ { 2 / 3 }$$ .

• A) a growth model
• B) a utility function
• C) a consumption function
• D) the production possibilities frontier
• E) a production function

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Definitions:

Pull Strategy

The use of promotion to create consumer demand for a product so that consumers exert pressure on marketing channel members to make it available.

Push Strategy

An attempt to motivate intermediaries to push the product down to their customers.

Personal Selling

Direct, two-way communication with buyers and potential buyers.