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Isoquant

Business ISO 9000Issue date

isoquant a curve showing the combinations of two inputs that yield the same quantity of output. (8ap)

J ...

 


Isoquant map - A series of isoquants from the same pro­duction function, each isoquant relating to a specific level of output.
Issued share capital ­- Amount of current share capital arising from the sale of shares.

Unit isoquant
The isoquant for a quantity equal to one unit of a good. The unit isoquant is useful for relating the price of a good to the prices of factors employed in its production.
Unit labor requirement ...

production efficiency
factors of production
total, average, and marginal product curves
marginal productivity
isoquants
the marginal rate of technical substitution ...

See also: International economics, Inputs, Equilibrium, Production function, Elasticity

Business ISO 9000Issue date

 
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