An isoquant indicates different combinations of
A)two inputs that can be purchased for the same amount of money.
B)two inputs that can produce the same amount of output.
C)output that can be produced with the same amount of input.
D)output that cost the same amount to produce.

Question

Quizplus · Accepted Answer

An isoquant is a curve that shows all the possible combinations of two inputs that produce the same level of output. Therefore, B is the correct choice as it accurately describes the concept of an isoquant. A, C, and D are incorrect because they do not accurately describe an isoquant.

An Isoquant Indicates Different Combinations of