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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 intersect each other Isoquants always slopes downward


Why isoquants convex to the origin?

law of diminishing returns


What is the ridge lines in economics?

ridge lines is the combination of isoquants


Why isoquant do not intercept?

Isoquants do not intersect because each isoquant represents a different level of output, and each point on an isoquant signifies the same level of production. If two isoquants were to intersect, it would imply that the same combination of inputs could produce two different levels of output, which contradicts the fundamental principles of production theory. Therefore, isoquants are distinct and ordered in a way that reflects increasing levels of output as one moves to higher isoquants.


Why isoquants convex?

diminshing marginal rate of substitution between factors


How producers equilibrium is achieved with isoquant and isocost curves?

producers equilibrium is achieved with isoquants and isocost curves


Explain the concept of ridge lines in economics?

Ridge lines is a concept in Micro Economics related to Isoquants (which shows different combination of inputs for the same level of output). However, after a certain point Isoquant begins to slope upward, if there are 2 or more isoquants then there would be similar points on the other isoquants too... on joining these points, you get the ridge lines. Note: the point from where Isoquant slopes upward is a point where the marginal product of one of the input is negative.


Why isoquant curve cannot intersect?

By Definition isoquants, like indiffernce curves, can never cut each other. Because if they could, It would be a Logical Contradiction.


Distinguish between indifference curve and isoquants?

indifference curve is a combination of two commodities. where as, isoquant curve shows a relationship between of variable factor i.e. labour and fixed factor i.e. capital.


What are properties that change?

the properties that change are physical and chemical properties!!! :)


What is the properties mean in science?

chemical properties and the pysical properties


What are properties of chemical properties?

reactivity, flammability, toxicological properties, colouring properties, aptitude for explosion, etc.