Rather than having a linear profit function like the one shown on slide 10-4 of the chapter slides, suppose we have a nonlinear profit function like the one shown on slides 10-5 and 10-6 of the chapter slides. Which of the following statements is true?
| a. If we take the derivative of the nonlinear profit function and set it equal to 0, we can solve for the optimal profit value. |
| b. | The slope of the nonlinear profit function is irrelevant when determining the optimal profit value. |
| c. | The slope of the nonlinear profit function will be equal to 1 at its maximum value. |
| d. | All of the above are true concerning the nonlinear profit function. |
