Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:
"Consider a production function Q = x1α x2ᵝ , where α and ß are constants. The firm produces q amount of output using x1 amount of factor 1 and x2 amount of factor 2. This is called "
Options:
Cobb Douglas production function
Engel production function
cost function
none of above
Correct Answer:
Cobb Douglas production function
Explanation:
The given function is a cobb Douglass production function.