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
ANSWER
C
Place an order in 3 easy steps. Takes less than 5 mins.