A Linear Specification,Q = AK + BL,is Not Appropriate for Estimating

question 55

Multiple Choice

A linear specification,Q = aK + bL,is not appropriate for estimating a production function because

• A)the marginal products of the inputs are assumed constant.
• B)it does not allow the firm to substitute capital for labor.
• C)the firm could produce positive levels of output at zero cost.
• D)both b and c
• E)all of the above

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