Multiple Choice
The profit function = aQX + bQY, can be written as QY = /b - a/bQY where a and b are the profit contributions of products X and Y, respectively.If both profit contributions increase by a fixed percentage, isoprofit line:
A) slope decreases.
B) slope is unaffected.
C) slope increases.
D) none of these.
Correct Answer:
Verified
Correct Answer:
Verified
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