# What is the difference between a production function and an isoquant?

A Production function tells you how much output you can produce for every combination of inputs.  An Isoquant is a curve that shows all possible combinations of input that yi (MORE)

# What is an IS curve?

  It is the locus of combinations of the interest rate and the level of real national income for which desired aggregate expenditure equals actual national income.So calle (MORE)

# What is an isoquant?

An isoquant (derived from the Greek word 'iso' means 'equal' and 'quant' means 'quantity') is a contour line drawn through the set of points which consist of different combina (MORE)

# What are the properties of isoquants?

The further the Isoquant is from the origin, the greater will be the level of output (i.e a higher isoquant represent a higher level of output) Two Isoquants can never inters (MORE)

# What are the types of isoquants in microeconomics?

Linear Isoquant: This type assumes perfect substitutability of factors of production: a given commodity may be produced by using only capital, or only labour, or by an infinit (MORE)
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# What is isoquant and its properties?

isoquant is the locus of the all the combination of two factorof production that yield the same level of the output
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# What will be the shape of an isoquant when the elasticity of substitution is infinity?

when the elasticity of substitution is infinity the isoquant will be a straight line sloping downward towards right.
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# Does isoquant positive or negative?

An isoquant is a graph showing the same quantity of output for various combinations of inputs. Since these are all measures of quantity, they must all be positive.
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# Is isoquant always positively inclined?

Following are the properties of Isoquant Curves,1. Convex to the origin. 2. Slopes downward to the right. 3. Never parallel to the x-axis or y-axis. 4. Never horizontal to the (MORE)
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# What curves in?

Lots of different things curve in. Something that curves inwards  can also be called concave, a spoon is an example of something that  is concave. A bowl is also concave and (MORE)