A Production function expressed as\(Q=A[α K^{-β}+(1-α) L^{-β}]^{\f – McqOptions

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1.	A Production function expressed as\(Q=A[α K^{-β}+(1-α) L^{-β}]^{\frac{-1}{β}}\) or \(Q=A[α L^{-β} + (1-α) K^{-β}]^{\frac{-1}{β}}\) When A > 0, 0 -1Where L = Labour, K = Capital and A, α and β are three parameters is called1. Constant elasticity substitution function2. Variable elasticity substitution function3. Leontief - type function4. Cobb - Douglas function
A.	1
B.	2
C.	3
D.	4
Answer» B. 2

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