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Wittaler [7]
3 years ago
10

Which of the following correctly describes a production isoquant?

Business
1 answer:
evablogger [386]3 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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Which of the following would an economist most likely classify as a need
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The correct answer is that the Advertising helps in paying for the production cost of the magazines and the newspapers.

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3 years ago
If you wanted to make sure a company has enough money available to pay its bills, which financial statement would
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that is the answer

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8 0
3 years ago
When I was considering what to do with my $10,000 lottery winnings, my broker suggested that I invest half of it in gold, the va
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Answer: $20,478.78

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For Certificates of Deposits.

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5 0
3 years ago
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