An isoquant represents combinations of inputs that:
A) produce the same level of output.
B) produce increasing amounts of output.
C) minimize costs.
D) maximize output.
E) create wealth.

Question

Quizplus · Accepted Answer

An isoquant is a curve that shows all the possible combinations of inputs that can produce a certain level of output. Therefore, it represents combinations of inputs that produce the same level of output.

An Isoquant Represents Combinations of Inputs That