Suppose that q20 L4 and K25 is a point on the production fun

Suppose that q=20 L=4? and K=25

is a point on the production function

q=?f(L,K).

Is it posssible for q=20 L =4 and K =26 to also be a point on this production? function? Why or why? not?

The combination q=20, L=44, and K=26

A. cannot be a point because we assume production functions are comprised of fixed inputs.

B. can be a point because we assume production functions exhibit diminishing returns.

C. can be a point because we assume production functions hold technology constant.

D. cannot be a point because we assume production functions are efficient.

E. cannot be a point because we assume production functions represent the short run.

Solution

No it is not possible for that point cannot lie on the production function, as the production function gives the maximum number of goods that can be produced with a particular input combination.

D. cannot be a point because we assume production functions are efficient.