Along an isoquant, the output level _______________.a.remains constantb.remains increasingc.remains decreasingd.may change as per the producer inputs
Question
Solution 1
The correct answer is a. remains constant.
An isoquant 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. While moving along an isoquant, the output level remains constant because we are simply sub Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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