An Upward Sloping Isoquant

question 7

Multiple Choice

An upward sloping isoquant:

• A) can be derived from a production function with one input.
• B) can be derived from a production function that uses more than one input where reductions in the use of any input always reduces output.
• C) cannot be derived from a production function when a firm is assumed to maximize profits.
• D) can be derived whenever one input to production is available at zero cost to the firm.
• E) none of the above

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