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Isoquant - Unlocking Economic Secrets a Journey through Isoquants and Production Theory - cover

Isoquant - Unlocking Economic Secrets a Journey through Isoquants and Production Theory

Fouad Sabry

Publisher: One Billion Knowledgeable

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Summary

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.
Available since: 02/04/2024.
Print length: 197 pages.

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