Isoquants are the ______ created by the ______.
A) contour lines; production function
B) contour lines; efficient production frontier
C) tangent lines; production function
D) tangent lines; production possibilities curve

Question

Quizplus · Accepted Answer

Isoquants are the contour lines that are created by the production function, which shows the various combinations of inputs that can be used to produce a given level of output. Therefore, option A is the correct answer. Option B refers to the efficient production frontier, which is different from isoquants. Option C and D mention tangent lines, which are not related to isoquants.

Isoquants Are the ______ Created by the ______

Isoquants Are the Created by the