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

Break Down the Problem

1. Understand the concepts of indifference curves and isoquants.
2. Determine what isoquants represent in the context of production theory.

Relevant Concepts

1. Indifference Curve: Represents combinations of goods that provide the same level of satisfaction to a consumer.
2. Isoquant: Represents combinations of different factors of production that yield the same level of output.

Analysis and Detail

1. In economics, a consumer chooses combinations of goods based on preferences illustrated through indifference curves, while firms use isoquants to analyze production. Each point along an isoquant signifies a different combination of inputs (like labor and capital) that produces the same amount of output.

Verify and Summarize

• Given the definitions, it is clear that an isoquant indicates a constant quantity of output resulting from varying input combinations.

Final Answer

C. Output