ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Which of the following profit functions exhibits a linear production function? A.p= Px K0.75L0.50 - 20L - 35K B. p = Px min (2L, 5K) - 20L - 35K Cp= Px (3K + 4L) - 20L - 35K D. p = Px (3K05 + 4L05,1/02 - 20L - 35K
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Transcribed Image Text:Which of the following profit functions exhibits a linear production function? A.p= Px K0.75L0.50 - 20L - 35K B. p = Px min (2L, 5K) - 20L - 35K Cp= Px (3K + 4L) - 20L - 35K D. p = Px (3K05 + 4L05,1/02 - 20L - 35K
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