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Observing the slope of the isoquant as one moves outward on the labour axis but stays at the same point on the capital axis

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Observing the slope of the isoquant as one moves outward on the labour axis but stays at the same point on the capital axis

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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 yield the same output

Example of production function:

(Q = output L= Labor K = Capital)

Q = K + 5L

for the isoquant for example, using the production function above, we want to find which levels of input would yield Q = 20

20 = K + 5L

if K = 5, then L = 3 and if K = 10, then L = 2, your output would still be the same and that's your isoquant.

But for your production function your output can have different values so you'd have multiple isoquant curves and multiple isoquant curves already describe an isoquant map (Isoquant map - shows a number of isoquant curves in a single graph, describing a production function)

Hope my explanation wasn't too confusing...

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Linear isoquant [perfect substitutability of factors of production], Input-output isoquant or Leontif isoquant [no substitution or strict complementarity; only one efficient method of production] are exceptions to isoquant convexity to the origin. Kinked isoquant is of limited substitutability at kinks. But if kinks come closer and closer, it will become a smooth curve, convex to the origin.

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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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when the elasticity of substitution is infinity the isoquant will be a straight line sloping downward towards right.

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