A Profit-Maximizing Firm Decides to Produce 100 Units of Output

Multiple Choice

A profit-maximizing firm decides to produce 100 units of output.This implies that the firm will

A) produce on its lowest isoexpenditure line.
B) produce at a point where its isoexpenditure line is everywhere below the isoquant curve for 100 units of output.
C) produce at a point where its isoexpenditure line is tangent to the isoquant curve for 100 units of output.
D) produce where the marginal rate of technical substitution equals the wage rate.