Movement from one point to another along an isocost line implies a change in
A)factor combinations,holding expenditure constant.
B)factor prices.
C)the level of output,independent of what happens to factor combinations.
D)output levels,holding factor combinations constant.
E)expenditure.

Question

Quizplus · Accepted Answer

Movement along an isocost line means that the level of expenditure is being held constant while factor combinations are changing. Therefore, the correct choice is A.

Movement from One Point to Another Along an Isocost Line