Author Question: Refer to Scenario 10.2. What level of output maximizes total revenue? A) 0 B) 90 C) 95 D) ... (Read 111 times)

Sufayan.ah · **on:** Jul 1, 2018

Refer to Scenario 10.2. What level of output maximizes total revenue?

A) 0
B) 90
C) 95
D) 100
E) none of the above

Question 2

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