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

Question

Quizplus · Accepted Answer

The Answer of 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

An Upward Sloping Isoquant