Isoquants: AP Microeconomics Online Test

Which of the following properties of Isoquants, declines the similarity between the properties of the Indifference Curve and the Isoquant?
Both have a negative slope
Two Isoquants do not intersect each other
Both are convex to the origin
Two Isoquants need not be parallel
Isoquants can be labelled to indicate the number of units of production.
The level of Production on an Isoquant remains the same because:
The consumer knows which product to spend on
The producer knows which factor to spend on
The producer wants to spend more money on both commodities
Both inputs give a higher yield on all points of the Isoquant
The Marginal rate of Technical Substitution is decreasing
The slope of the Isoquant is:
U-shaped
Downwards towards the right
Downwards towards the left
Parallel to X-Axis
Parallel to Y-Axis

Perfect Substitutes of each other
Not Perfect Substitutes of each other
Perfect Complements of each other
Imperfect Complements of each other
None of the Above
In any case, the Isoquant touches:
The X- Axis
The Y- Axis
Both the Axis
Either of the two Axis
Neither of the two Axis
For the given prices of two inputs X and Y, the Isocost Line signifies: I the Price ratio of the two Inputs II Change in the Price of one Input causes a shift in the Isocost line III Change in the Money outlay causes a parallel movement of the Isocost Line
I only
II only
III only
I and II
I, II and III
When two Isoquants are not parallel to each other in an Isoquant Map, then:
Both Inputs have the same price
Both Inputs have different prices
Both Isoquants have the same MRTSXY
Both Isoquants have different MRTSXY
None of the above
If the distance between the Isoquants on the Isoquant Map is equal, then:
A lower Isoquant yields a higher level of production than that from a higher Isoquant.
A lower Isoquant yields a lower level of production than that from a higher Isoquant.
A lower Isoquant yields the same level of production than that from a higher Isoquant.
The ratio of the production between two immediate Isoquants is 1:3
The level of the Isoquant has no effect on the level of production
For an Isoquant, the different combinations represents: I The same level of both Inputs II The same level of production III The same level of only one Input
I only
II only
III only
I and II
II and III
It is not possible for an Isoquant to be horizontal because:
A horizontal Isoquant implies the greater use of both the inputs for production
A horizontal Isoquant implies the greater use of one input and lesser use of the other in production
A horizontal Isoquant implies the greater use of one input and the same amount of the other in production
A horizontal Isoquant implies the lesser use of both the inputs for production
None of the Above
Description:

In Microeconomics, the study of Production is incomplete without the concept of Isoquants. Here is a 10-minute short test on the Equal Product Curves. You’ll find Multiple Choice questions on the basics of Isoquants, the properties and the Theory. This test is a must for any student of AP Microeconomics.

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