Home

What is the correct answer?

4

Production indifference curve (isoquant) is a curve which shows:

A. Equal level of output

B. Unequal level of outputs

C. Equal level of inputs

D. Unequal level of inputs

Correct Answer :

A. Equal level of output


Related Questions

Marginal cost is found with the help of changes in: Which is the first-order condition for the profit of a firm to be maximum? Identify the author of The Principles of political Economy and Taxation: The demand of the luxuries is: Marginal cost curve cuts the average cost curve: In an indifference curve diagram, when the price of a product increases,… All money costs can be regarded as: If the commodity is inferior then: The supply curve would probably shift to the right if: Of the following, which one corresponds to fixed cost? The long run average cost curve is: Any straight line supply which cuts the x-axis will have: If production increases under increasing returns to scale, the cost will: The number of sellers in oligopoly are: Excess capacity is not found under: Under competitive conditions, the industry will be in equilibrium: With the expansion of output, the short run average cost curve, beyond… In case of monopoly, when total revenue is maximum: The total utility is gained by consuming: Increasing returns imply: By saying that monopolist create a contrived scarcity, economist mean… The model which gives us information about price and output changes in… In joint-profit maximization cartel, central agency sets the: In the case of an inferior commodity, the income-elasticity of demand… The game theory was basically presented by: With the decrease in marginal valuation of a specific commodity, the price… The budget constraint can be written as: In non-constant sum game (non-zero sum game), if there are two parties… Selling costs are incurred under monopolistic competition to: When was Adam Smiths major work An Enquiry into the Nature and Causes…