If there is a change in input prices, what is the most likely impact on production isoquants?
A) They will shift leftward toward the origin.
B) The curvature of the isoquant will change.
C) They will remain unchanged.
D) They will shift outward away from the origin.
E) Uncertain, depends on which input prices change.

Question

Quizplus · Accepted Answer

Isoquants represent combinations of inputs that yield the same level of output. A change in input prices affects the cost of production but does not alter the technological relationship between inputs and outputs that isoquants depict.

If There Is a Change in Input Prices, What Is