An isoquant shows
A)the combinations of two goods that yield the same total satisfaction.
B)the combinations of two inputs that yield the same total product.
C)the combinations of two inputs that cost the same total quantity of money.
D)the combination of two goods that cost the same amount of money.

Question

Quizplus · Accepted Answer

An isoquant is a curve that shows the various combinations of input factors that can produce a given level of output. In other words, it represents the different input combinations that yield the same level of output. Therefore, the correct choice is B - the combinations of two inputs that yield the same total product.

An Isoquant Shows