The isoprofit curves ___________ the _____________ axis contain higher levels of profit.

Question

Quizplus · Accepted Answer

Isoprofit curves represent all the possible combinations of inputs that give the same profit. Isoprofit curves that are closer to the horizontal axis represent lower levels of profit, while those that are closer to the vertical axis represent higher levels of profit. Therefore, the isoprofit curves that are closer to the horizontal axis contain lower levels of profit and the ones that are closer to the vertical axis contain higher levels of profit. In this context, choice C is the correct answer.

The Isoprofit Curves ___________ the _____________ Axis Contain Higher Levels

The Isoprofit Curves _ the ___ Axis Contain Higher Levels