The combinations of inputs that produce a given level of output are depicted by:
A)Indifference curves.
B)Budget lines.
C)Isocost curves.
D)Isoquants.

Question

Quizplus · Accepted Answer

The combinations of inputs that produce a given level of output are depicted by isoquants. Indifference curves show combinations of two goods that give the same level of utility or satisfaction to a consumer, budget lines show combinations of two goods that can be purchased with a given income and prices, and isocost curves show the combinations of two inputs that can be purchased with a given budget.

The Combinations of Inputs That Produce a Given Level of Output