An ____________ is the set of all possi

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:

An ____________ is the set of all possible combinations of the two inputs that yield the same level of output.

Options:

Indifference curve

Budget line

Isoquant

PPF

Correct Answer:

Isoquant

Explanation:

An isoquant is the set of all possible combinations of the two inputs that yield the same maximum possible level of output