The analytical tool known as isoquant identifies combinations of inputs that produce the same output.
Alternative names for the isoquant include an equal product curve and a production indifference curve. A different name for it is an iso-product curve.
In microeconomics, an isoquant is a contour line drawn across a group of points where the same quantity of output is created while changing the quantities of two or more inputs. The term is formed from quantity and the Greek word iso, which means equal.
The isoquant curve displays combinations of inputs that can be used to get a certain result. Isocost lines show the costs associated with pairings of two inputs, such as labor and capital, that result in the same amount of output.
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