Question

    ............................... is a curve which shows

    various combinations of inputs that cost the same total amount . 
    A Isocline Correct Answer Incorrect Answer
    B Isocost line Correct Answer Incorrect Answer
    C Price line Correct Answer Incorrect Answer
    D Isoqunat line Correct Answer Incorrect Answer

    Solution

    An isocost line is a curve which shows various combinations of inputs that cost the same total amount . For the two production inputs labour and capital, with fixed unit costs of the inputs, the isocost curve is a straight line .

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