(appendix)An isoquant shows all combinations of:
A)wage rates and per unit costs of capital that yield the same total profit
B)labor and capital that yield the same total profit
C)labor and capital that yield the same total cost
D)labor and capital that yield the same total output

Question

Quizplus · Accepted Answer

An isoquant is a curve that represents all the combinations of labor and capital that result in the same level of output, making option D the correct answer.

(Appendix)An Isoquant Shows All Combinations Of