3. Isoquants are equal to:
a) Product Lines
b) Total utility lines
c) Cost lines
d) Revenue lines
Answers
Answered by
2
Answer:
product lines is the answer
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0
Answer:
The correct answer is option (a) Product Lines.
Explanation:
- Isoquants is a word used to define the curve that specifies all those varieties of two inputs that provides the exact level of output built by the firm.
- In other words, it is a graph that reflects the combinations of inputs for which the output level stays exact.
- A product line is a group of connected products all sold under a single brand name that is marketed by the exact company.
- Companies sell numerous product lines beneath their different brand names, aiming to differentiate them from each other for more suitable usability for buyers.
Isoquants are equal to Product Lines.
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