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Managerial Economics · Quiz 1 · 15 Mar 2026 · January 2026 term

Question 2: A firm can always trade three units of labour for one uni…

Question 2

+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

Show answer

Correct answer

  • C

    Linear production function

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Question 2 of 24 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 1 paper sat on 15 Mar 2026, in the January 2026 term (Managerial Economics 15 Mar 26). It carries 1 mark.

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