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Managerial Economics · End Term · 28 Apr 2024 · January 2024 term · Set QDB1

Question 32: A firm can always trade three units of labour for one un…

Question 32

+1 markOne correct option

A firm can always trade three units of labour for one unit of capital and still keep output constant. The production technology for this firm can most suitably represented by

  1. A

    Cobb-Douglas production function

  2. B

    Leontief production function

  3. C

    Linear production function

  4. D

    None of these

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Correct answer

  • C

    Linear production function

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Question 32 of 40 in the IIT Madras BS Managerial Economics (Managerial Economics) End Term paper sat on 28 Apr 2024, in the January 2024 term (IIT M DEGREE AN EXAM QDB3 28 Apr 2024). It carries 1 mark.

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