Which of the following is a Cobb-Douglas production function? A) Q = f(K, L) B) Q = 5K + 2.5L C) Q = K^0.⁵⁰L^0.75 D) Q = 2K/3L

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The Cobb-Douglas production function is characterized by a specific form that represents the relationship between two or more inputs (commonly labor and capital) and the amount of output produced. It is typically represented as Q = A*K^α*L^β, where Q is the quantity of output, K is the capital input, L is the labor input, A is total factor productivity, and α and β are the output elasticities of capital and labor, respectively. Choice C, despite the encoding, represents this form with capital (K) and labor (L) raised to some powers, indicating a multiplicative relationship between inputs, which is a hallmark of the Cobb-Douglas production function.

Which of the Following Is a Cobb-Douglas Production Function