Which of the Following Correctly Describes All Iso-Profit Lines for an LP

question 69

Multiple Choice

Which of the following correctly describes all iso-profit lines for an LP maximization problem?

• A)They all pass through the origin
• B)They are all parallel.
• C)They all pass through the point of maximum profit.
• D)Each line passes through at least 2 corners.
• E)all of the above

---

Definitions:

Right-to-Work Laws

Legislation that guarantees workers the right to work for any employer without the requirement to join a union or pay union dues.

Union Shops

Workplaces where employment is conditional on maintaining membership in a labor union, typically after a probationary period.

Open Shops

Workplaces where joining a union is not a condition for employment, allowing for both union and non-union employees.

Pure Monopsony Power

A market condition where there is only one buyer for a product or service, giving that buyer significant control over prices.