An isoquant is a curve that represents combinations of:
A) factors of production that produce equal amounts of output.
B) factors of production that cost the same amount.
C) output that can be produced from the same quantity of inputs.
D) output that can be produced at the same cost.

Question

Quizplus · Accepted Answer

An isoquant represents combinations of different factors of production that yield the same level of output, illustrating the trade-offs between inputs while maintaining constant output.

An Isoquant Is a Curve That Represents Combinations Of