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Isoquants A. hold capital constant. B. hold labor constant. C. hold output constant. D. hold utility constant. Solution Ans) C is the correct option. Hold output constant. Isoquants represent all values of inputs for which output is constant . the slope of the isoquant is the marginal rate of substitution.

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Isoquants A. hold capital constant. B. hold labor constant. C. hold output constant. D. hold utility constant. Solution Ans) C is the correct option. Hold output constant. Isoquants represent all values of inputs for which output is constant . the slope of the isoquant is the marginal rate of substitution

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