If we take the production function and hold the level of output constant, allowing the amounts of capital and labor to vary, the

Question

3 years ago

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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

1 answer:

koban [17] · Answer 1 · 2022-04-12T01:46:47+03:00

koban [17]3 years ago

6 0

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.