An isoquant shows
A) the whole set of technically efficient factor combinations that can produce a single level of output.
B) the alternative factor combinations that require the same expenditure.
C) various levels of output that can be produced with different factor combinations.
D) various levels of output that can be produced with a fixed factor combination.
E) the whole set of technically efficient factor combinations that can produce varying levels of output.

Question

Quizplus · Accepted Answer

An isoquant represents all the combinations of inputs that yield the same level of output, indicating technically efficient combinations for a given output level.

An Isoquant Shows