alleryStart learning →Every point on an isoquant shows what?
AThe same cost of inputs
BThe same quantity of output
CThe same price of output
DThe same profit margin
Answer & Solution
Correct answer: B. The same quantity of output
An isoquant is a contour joining input combinations that produce an identical output quantity.
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Related questions
With fixed unit input costs, isocost curves have which shape?Widening gaps between isoquants of equal output steps indicate what?Under declining MRTS, an isoquant is what relative to the origin?A line joining tangency points of isoquants and isocosts is called what?At least cost, the ratio of marginal products equals which ratio?The cost-minimising input mix is at tangency of isoquant and which line?With perfect complements, inputs can be combined efficiently only how?If two inputs are perfect substitutes, how does X replace Y?