Concerning the Maximization of Output Subject to a Cost Constraint,which

question 10

Multiple Choice

Concerning the maximization of output subject to a cost constraint,which of the following statements (if any) are true?

• A) At the optimal input combination,the slope of the isoquant must equal the slope of the isocost line.
• B) The optimal solution occurs at the boundary of the feasible region of input combinations.
• C) The optimal solution occurs at the point where the isoquant is tangent to the isocost lines.
• D) all of the above
• E) none of the above

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