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

[Sufayan.ah]

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

[recede]

Answer to Question 1

D

Answer to Question 2

C

[Sufayan.ah]

Excellent

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