Question

Isoquant curve is the locus or points
indicating various combinations of two inputs
yielding the
(A) Same output
(B) Maximum output
(C) Same satisfaction
(DJ None of the above​

Answer 1

Explanation:

An isoquant curve is the representation of a set of locus of different combinations of two inputs (labor and capital) which yield the same level of output. It is also known as or equal product curve or producer's indifference curve. It is a firm's counterpart of the consumer's indifference curve.