Some economists refer to iso-product curves as:

A. Engels curve

B. Production indifference curve

C. Budget line

D. Ridge line

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  1. Production indifference curve (isoquant) is a curve which shows:
  2. Karl Marx:
  3. If the price of product A decreases and in the result the demand for product B increases then we can…
  4. A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
  5. Technological Progress (Invention) can be defined as:
  6. To get more revenue, a Finance Minister impose tax on that commodity which has:
  7. Which form of market structure is characterized by interdependence in decision-making as between the…
  8. A significant property of the Cobb-Douglas production function is that the elasticity of substitution…
  9. The slope of the iso-cost line (budget line) is determined by:
  10. With the decrease in marginal valuation of a specific commodity, the price offered by the people:
  11. Loanable funds theory of Interest was developed by:
  12. Opportunity costs are also known as:
  13. The right of individuals to control productive resources is known as:
  14. In economics, Externality means:
  15. In Edgeworth model, prices oscillate between:
  16. The kinked demand curve comes into being where:
  17. At low prices, demand is likely to be:
  18. Which is not an essential feature of a socialist economy?
  19. If the commodities X and Y are perfect substitutes then:
  20. In the perfect competition, there is a process of:
  21. An increase in the price of the good measured on the horizontal axis causes:
  22. In monopolistic competition, the customers are attached with one product because of:
  23. In the modern theory of costs, the level of production which the firm considers feasible is known as:
  24. Scarcity is:
  25. When at a given price, the quantity demanded of a commodity is more than the quantity supplied, there…
  26. According to Marginalists, the price of any commodity is determined by:
  27. The line from the origin to a point on an isoquant shows:
  28. Price is measured in:
  29. Production function shows:
  30. Moving along an indifference curve leaves the consumer: