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Why is an isoquant negatively sloped?

Updated: 12/17/2022
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Maryjeez

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Q: Why is an isoquant negatively sloped?
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Why is PPF negatively sloped?

why PPF in economics is negatively sloped


Does negatively sloped mean downward sloped?

Yes. Negative gradient would mean downward sloping.


A demand curve with Unitary Elasticity at all points is?

Is negatively sloped linear curve


Can the average costs rise while the marginal costs are declining?

MC is the change in Tc divide by change in quantity. MC will always be negatively sloped and ATC has positively sloped.


How is price elasticity of demand measured on a particular point on a negatively sloped demand curve?

point method


The labor demand curve is negatively sloped because?

this site has no sense I dont know why you call yourself answer.com


What are the conditions under which an isoquant will not be convex?

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.


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


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.


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 infinite combination of K and L.Input-Output Isoquant: This assumes strict complementarity[that is, zero substitutability] of the factors of production. The isoquant take the shape of a right angle. This type of isoquant is also called 'Leontief isoquant' after Leontief, who invented the input-output ananlysis.Kinked Isoquant: This assmes limited substitutability of K and L. There are only a few processes for producing any one commodity. Substitutability of factors is possibleonly at the kinks. This form is also called 'activity analysis-isoquant' or 'linear-programming isoquant', because it is basically used in linear programming.Smooth , Convex Isoquant: This form assumes continuous substitutability of K and L only over a certain range, beyond which factors cannot substitute each other. The isoquant appears as a smooth curve convex to the origin.


What is an isoquant and briefly explain the types of isoquant?

An isoquant is a contour line drawn through the set of points whereby the same quantity of output is produced while changing two or more inputs.In economics , an isoquant is a contour line drawn through the set of points at which the same quantity of output is produced while changing the quantities of two or more inputs


Why indifference curves are always negatively sloped?

its something to do with a non satiation assumption. ie if all the bundles on the indifference curve are "goods" (actively wanted products) then the indifference curve slopes downward from L to R. if there is a "good" and a "bad" on the curve then it will be positively sloped. (upward from L to R)