Earboard Logo

Welcome, Guest: Join Earboard Forum / LOGIN! / Advertise / Contact Us
Stats: 32756 members, 32391 topics. Cached on: Thursday, 15th April 2021


HOMEGENERALEDUCATIONNEWSMusicTECHNOLOGY
ADS: Click Here to Receive Our Next Post via Email ...

Isoquant curve in economics

(0) (Reply) (Go Down)

Isoquant curve in economics by : 1:59 pm On July 29, 2018

Isoquants:

An isoquant is a locus of points showing all the technically efficient ways of combining factors of production to produce a fixed level of output. It is also known as the equal product curve. In case of two variable factors, labour and capital, an isoquant appears as a curve on a graph the axes of which measure quantities of the two factors. The curve shows the efficient alter­native techniques of production or alternative combinations of two factors that can produce a fixed level of output

Isocost Lines:

An isoquant shows what a firm is desirous of producing. But, the desire to produce a commodity is not enough. The producer must have sufficient capacity to buy necessary factor inputs to be able to reach its desired production level. The capacity of the producer is shown by his monetary resources, i.e., his cost outlay (or how much money he is capable of spend­ing) on capital and labour, the prices of which are taken as constant, i.e.’, given in the market place.

Leave a Reply

(0) (Reply)

(去哪买国外毕业证)购买毕业证/请加Q微2026614433/堪萨斯州立大学毕业证/成绩单Q微2026614433/ 办美国毕业证/文凭dfiploma asfdaf / 留学被劝退办毕业证/阿拉巴马大学毕业证/UA毕业证/Q微2026614433/留学被开除留学/办国外毕业证/改成绩单分数/补留学被劝退办毕业证University of Alabama / 留学被劝退办毕业证/俄勒冈大学毕业证/UO毕业证/Q微2026614433/留学被开除留学/办国外毕业证/改成绩单分数/补留学被劝退办毕业证UniversityofOrego sdfafasf /

(Go Up)


Sections: News (1) Technology Education (2)
Earboard - Copyright @ 2016 - 2021 Forumer. All rights reserved. See How To Advertise. DMCA Content Removal.
Disclaimer: Every member is solely responsible for anything that he/she posts or uploads on Earbaord.