Which of the following equations based on capital (K) and labor (L) in
Which of the following equations based on capital (K) and labor (L) inputs does not represent a plausible production function?
A) F(K,L) = 3KL
B) F(K,L) = 3K
C) F(K,L) = K + L – 1
D) F(K,L) = 10(KL)0.5
ANSWER
C
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