Post Utme Unn 2019 Economics Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Unn Economics examination.

Post Utme Unn 2019 Economics Objective / Multiple Choice
Question 35 POST_UTME_UNN • 2019 • ECONOMICS • objective

A firm's production function is a mathematical representation of the relationship between the inputs used to produce a good and the quantity of the good produced. Which of the following production functions is a Cobb-Douglas function?

Answer Options

A. \( Q = f\( L, K \ \) )
Correct Answer B. \( Q = L^a K^b \)
C. \( Q = L + K \)
D. \( Q = L \times K \)
Correct Answer
B
Correct Option:
\( Q = L^a K^b \)

About This Question

This is Post Utme Unn 2019 Economics Question 35. It is one of the objective questions from the 2019 Post Utme Unn Economics examination.

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