The production function Q = L^.5K^.5 is called A)Cobb Douglas. B)Leontief. C)Linear. D)none of the statements associated with this question are correct.

Question

Quizplus · Accepted Answer

The production function Q=L^.5K^.5 exhibits constant returns to scale, which is the characteristic of the Cobb-Douglas production function. The exponents of the inputs are 1 and 0.5, which are typical of the Cobb-Douglas form as well.

The Production Function Q = L.5K.5 Is Called

The Production Function Q = L^.5K^.5 Is Called