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Wittaler [7]
2 years ago
10

Which of the following correctly describes a production isoquant?

Business
1 answer:
evablogger [386]2 years ago
4 0

Answer:

An isoquant is a curve that shows the least-cost combinations of inputs that can produce a given level of output.

Explanation:

  • Isoquants are lines of equal values that are meant to show a set of points that have the same quantity of output when changing the quantities of more than two inputs.
  • It also shows an extent to which the firm has the ability to substitute two or different products to attain the same level of the outputs.
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1.Economics is the study of ____________________ and _________________________.2.What is opportunity cost
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Answer: See explanation

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To learn more about auditors and committee here,

brainly.com/question/14652228

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