New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    An isoquant represents all those input combinations

    which are capable of producing:
    A Same level of output Correct Answer Incorrect Answer
    B Different levels of output at different points Correct Answer Incorrect Answer
    C Different levels of output at same points Correct Answer Incorrect Answer
    D Either a or b Correct Answer Incorrect Answer

    Solution

    Isoquant is defined as the locus of various combinations of two inputs yielding the same level of output. Each point on an isoquant represents the maximum output that can be attained with different input combinations.

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