Which of the following profit functions exhibits a linear production function? A.p=Px K0.75L0.50 - 20L - 35K B. p = Px min (2L, SK) - 20L - 35K Cp=Px (3K + 4L) - 20L - 35K D. p = Px (3K05 - 4L0$y2/0.2 – 20L - 35K

Which of the following profit functions exhibits a linear production function? A.p=Px K0.75L0.50 - 20L - 35K B. p = Px min (2L, SK) - 20L - 35K Cp=Px (3K + 4L) - 20L - 35K D. p = Px (3K05 - 4L0$y2/0.2 – 20L - 35K

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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