For the production function ,the equation for a typical isoquant is

Name: For the production function ,the equation for a typical isoquant is
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Question

For the production function  ,the equation for a typical isoquant is

Quizplus · Accepted Answer

The equation for a typical isoquant for this production function is Q = K^(0.5) * L^(0.5)/2. Taking natural log on both sides, we get ln(Q) = 0.5ln(K) + 0.5ln(L) - ln(2). This is the equation of a straight line with slope 0.5 for a given level of output Q. Therefore, the best choice is option B which represents a straight line equation.

For the Production Function ,The Equation for a Typical