An isoquant curve shows _______.
a) All the alternative combination of two inputs that yield the same total product
b) All the alternative combinations of two products that can be produced by using a given set
of input in the best possible way
c) All the alternative combinations of two products among which a producer is indifferent
because they yield the same profit
d) All alternative combination of two input that have the same cost
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Answer:
a
Explanation:
) All the alternative combination of two inputs that yield the same total product
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