Question

If we take the production function and hold the level of output constant, allowing the amounts of capital and labor to vary, the curve that is traced out is called: 2) A) the marginal product. B'an isoquant. C) the total product. D) the average product E) none of the above

Answer 1

Answer: Option B : An Isoquant

Explanation: An isoquant (otherwise known as equal product curve) is an equal quantity curve which represent a consistent amount of output.