A graph showing all the combinations of capital and labor that can be used to produce a given amount of output is a(n)Group of answer choicesindifference curve.isoquant.isocost line.production function.

The amount of output that can be produced from given amounts of labour and capital depends on:Group of answer choicesdemand and supplynone of the other optionstotal factor productivityprimary factors

The production function shows the relationship between theGroup of answer choiceslevel of outputs that maximize revenue.quantity of total outputs and total costs.costs of inputs and the price of the output.quantity of the labor input needed for each unit of capital to minimize costs.quantity of inputs and the quantity of outputs.

The production combinations that fall directly on the production possibilities frontier (curve) are and efficient. (Use one word to fill in the blank.)

The slope of the isoquant tells the firm how muchGroup of answer choicesoutput increases when labour increases by one unit.output increases when capital and labour are doubled.capital must decrease to keep output constant when labour increases by one unit.a unit of capital costs relative to the cost of labour.

The point of tangency between an isocost line and an isoquant is necessarilyGroup of answer choicesthe profit-maximizing combination of inputs that should be hired to produce that output level.the least costly combination of inputs that can be hired to produce the output level.both the profit-maximizing and least costly combination of inputs that can be used to produce the output level.the minimum amount of output that can be attained for that level of expenditure.