Isoquant - Unlocking Economic Secrets a Journey through Isoquants and Production Theory
Fouad Sabry
Editorial: One Billion Knowledgeable
Sinopsis
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.
