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 statements is correct.

Question

Quizplus · Accepted Answer

An isoquant represents all the different combinations of inputs that can produce the same level of output. Therefore, it does not represent higher or lower levels of output than the desired level of output, making options A and B incorrect. Option D is also incorrect as at least one statement is correct.

An Isoquant Defines the Combination of Inputs That Yield the Producer