Results for: Isoquant-curve

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 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)
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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 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)

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 inter (MORE)

Difference between isocost and isoquant?

Isocost is the locus of all combinations of factors of production the firm can purchase with a given monetary cost outlay. Isoquant is the locus of all the technically efficie (MORE)
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What is better the you phone 5c or 5s?

the 5s because it has better service but it dosent have diffrent  colrs just silver gold and black
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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 (MORE)