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Title: An upward sloping isoquant: (Multiple Choice)
Post by: nakungth on Oct 24, 2017
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


Title: Re: An upward sloping isoquant
Post by: Bart_arg on Oct 24, 2017
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