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  • Format: ePub

What is Isoquant
In microeconomics, an isoquant is a contour line that is drawn across the set of points at which the same quantity of output is produced while changing the quantities of two or more inputs. This line is formed through the series of points. On an isoquant, the x and y axes represent two relevant inputs, which are often a factor of production like as labour, capital, land, or organisation. These inputs contribute to the production of the isoquant. In addition to these names, an isoquant may also be referred to as a "Iso-Product Curve" or a "Equal Product Curve."
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Produktbeschreibung
What is Isoquant

In microeconomics, an isoquant is a contour line that is drawn across the set of points at which the same quantity of output is produced while changing the quantities of two or more inputs. This line is formed through the series of points. On an isoquant, the x and y axes represent two relevant inputs, which are often a factor of production like as labour, capital, land, or organisation. These inputs contribute to the production of the isoquant. In addition to these names, an isoquant may also be referred to as a "Iso-Product Curve" or a "Equal Product Curve."

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Isoquant

Chapter 2: Physical capital

Chapter 3: Profit maximization

Chapter 4: Budget constraint

Chapter 5: Marginal cost

Chapter 6: Production-possibility frontier

Chapter 7: Production function

Chapter 8: Average cost

Chapter 9: Marginal product

Chapter 10: Market power

Chapter 11: Marginal revenue

Chapter 12: Isocost

Chapter 13: Cost curve

Chapter 14: Conditional factor demands

Chapter 15: Marginal rate of technical substitution

Chapter 16: Supply (economics)

Chapter 17: Margin (economics)

Chapter 18: Marginal product of capital

Chapter 19: Factor market

Chapter 20: Robinson Crusoe economy

Chapter 21: Expansion path

(II) Answering the public top questions about isoquant.

(III) Real world examples for the usage of isoquant in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Isoquant.


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