An iso-profit line represents?

An iso-profit line represents?

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Answer

• It represents all combinations of the products which would yield the same value of profits.
  Explanation:

• A line that is made up of labor and total output for that labor, that produces the same amount of profit for the firm is called an isoprofit line.
• The same output can be produces by different combinations of inputs, a concept that is best illustrated by an isoprofit line.
• Iso means the same or equal. An isoprofit line is parellel to other profit lines in the same ptoblem, and can be used by a firm to determine profit maximizing point.