Which of the following is an estimable form of a production function?
A. Q = f(L, )
B. Q = f(L, K)
C. Q = aK3L3 + bK2L2
D. all of the above
E. none of the above
Answer: C
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A) produce more output. B) hire less labor. C) hire the same labor and produce the same output. D) hire more labor.
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