What is Isoquant
In microeconomics, an isoquant is a contour line that is drawn across the set of points at which the same quantity of output is produced while changing the quantities of two or more inputs. This line is formed through the series of points. On an isoquant, the x and y axes represent two relevant inputs, which are often a factor of production like as labour, capital, land, or organisation. These inputs contribute to the production of the isoquant. In addition to these names, an isoquant may also be referred to as a “Iso-Product Curve” or a “Equal Product Curve.”
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Isoquant
Chapter 2: Physical capital
Chapter 3: Profit maximization
Chapter 4: Budget constraint
Chapter 5: Marginal cost
Chapter 6: Production-possibility frontier
Chapter 7: Production function
Chapter 8: Average cost
Chapter 9: Marginal product
Chapter 10: Market power
Chapter 11: Marginal revenue
Chapter 12: Isocost
Chapter 13: Cost curve
Chapter 14: Conditional factor demands
Chapter 15: Marginal rate of technical substitution
Chapter 16: Supply (economics)
Chapter 17: Margin (economics)
Chapter 18: Marginal product of capital
Chapter 19: Factor market
Chapter 20: Robinson Crusoe economy
Chapter 21: Expansion path
(II) Answering the public top questions about isoquant.
(III) Real world examples for the usage of isoquant in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Isoquant.
