An isoquant shows the possible combinations of two
A) products that yield the same social utility
B) products that can be produced after an improvement in technology
C) products that can be produced using the constant amount of resources available
D) resources that involve an identical total cost
E) resources that produce an identical quantity of the product

Question

Quizplus · Accepted Answer

An isoquant represents combinations of different resources that produce the same level of output, indicating identical quantities of the product.

An Isoquant Shows the Possible Combinations of Two