An isoquant defines the combination of inputs that yield the producer:
A) higher levels of output than the desired level of output.
B) lower levels of output than the desired level of output.
C) the same level of output.
D) None of the preceding statements is correct.

Question

Quizplus · Accepted Answer

An isoquant represents all possible combinations of inputs that produce the same level of output. It does not necessarily indicate higher or lower levels of output than the desired level, but rather identifies different input combinations that result in the same level of output.

An Isoquant Defines the Combination of Inputs That Yield the Producer