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Isocost - Isocost Unveiled Navigating Economics with Clarity and Confidence - cover

Isocost - Isocost Unveiled Navigating Economics with Clarity and Confidence

Fouad Sabry

Maison d'édition: One Billion Knowledgeable

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Synopsis

What is Isocost
 
In economics, an isocost line shows all combinations of inputs which cost the same total amount. Although similar to the budget constraint in consumer theory, the use of the isocost line pertains to cost-minimization in production, as opposed to utility-maximization. For the two production inputs labour and capital, with fixed unit costs of the inputs, the equation of the isocost line is
 
How you will benefit
 
(I) Insights, and validations about the following topics:
 
Chapter 1: Isocost
 
Chapter 2: Profit maximization
 
Chapter 3: Differential calculus
 
Chapter 4: Budget constraint
 
Chapter 5: Marginal cost
 
Chapter 6: Production-possibility frontier
 
Chapter 7: Production function
 
Chapter 8: Average cost
 
Chapter 9: Isoquant
 
Chapter 10: Cross section (geometry)
 
Chapter 11: Cost curve
 
Chapter 12: Conditional factor demands
 
Chapter 13: Total cost
 
Chapter 14: Marginal rate of technical substitution
 
Chapter 15: Supply (economics)
 
Chapter 16: Marginal product of capital
 
Chapter 17: Marginal product of labor
 
Chapter 18: Robinson Crusoe economy
 
Chapter 19: Expansion path
 
Chapter 20: Linear function (calculus)
 
Chapter 21: Markowitz model
 
(II) Answering the public top questions about isocost.
 
(III) Real world examples for the usage of isocost 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 Isocost.
Disponible depuis: 29/03/2024.
Longueur d'impression: 221 pages.

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