Production Pdf 193022 | Sem 3 Managerial Economics Module 4 Isoquant

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isoquant meaning an isoquant is a firms counterpart of the consumers indifference curve an isoquant is a curve that shows all the combinations of inputs that yield the same level ...

Filetype PDF | Posted on 06 Feb 2023 | 2 years ago

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...Isoquant meaning an is a firms counterpart of the consumers indifference curve that shows all combinations inputs yield same level output iso means equal and quant quantity therefore represents constant also known as product or production concept isoquants can be easily explained with help table given below schedule units labor capital cloth l k meters b c d above based on assumption only two factors namely are used for producing combination show possibility by applying various thus different yielding graphic representation showing to produce map set maximum attainable from any vs curves analogous in more than one way properties similar however some differences may noted firstly technique utility cannot measured case precisely physical secondly we talk about higher lower levels say how much iq actually exceeds figure lying right another this because fact have either factor both has been illustrated points lie respectively at point ox oy though amount having x it will hence proved cut e...

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Posted on: 06 Feb 2023 | 2 years ago
Tag: download pdf, managerial, economics, module, isoquant,
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File size: 0.29 MB
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