Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:

A graphical presentation of production function is known as _________.

Options:

Cost curve

Isoquant

Indifference curve

PPF

Correct Answer:

Isoquant

Explanation:

The correct answer is option 2: Isoquant

A graphical presentation of the production function is called an Isoquant.

  • An Isoquant represents different combinations of two inputs (like labor and capital) that produce the same level of output.
  • It is similar to an indifference curve in consumer theory but applies to production instead of utility.