A curve that shows all the combinations of two inputs, such as labour and capital, which will produce the same level of output is called
A)an isoquant.
B)an isocost line.
C)a budget line.
D)an optimal input combination curve.

Question

Quizplus · Accepted Answer

An isoquant is a curve that shows all the combinations of two inputs that will produce the same level of output. The other options, isocost line, budget line, and optimal input combination curve, do not accurately describe this concept.

A Curve That Shows All the Combinations of Two Inputs