As indifference curve shows equal level of satisfaction at all points, An isoquant shows equal level of_________ A. Input B. Commodities C. Output D. Factors
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Solution 1
The correct answer is C. Output. An isoquant shows equal level of output. It is a contour line drawn through the set of points at which the same quantity of output is produced while changing the quantities of two or more inputs. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed
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