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 combinations of two goods that cost the same amount of money.

Question

Quizplus · Accepted Answer

An isoquant represents the combinations of two inputs (such as labor and capital) that yield the same level of output. Therefore, choice B is the correct answer as it accurately describes the concept of an isoquant. Choice A describes indifference curves, choice C describes isocost lines, and choice D describes price lines or budget constraints.

An Isoquant Shows