evanmcgahee3640 evanmcgahee3640

05-11-2017
Mathematics

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How to draw isoquant curves for a certain quantity?

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nobillionaireNobley nobillionaireNobley

15-11-2017

A production isoquant is drawn on a graph with labor on one axis, capital on the other. Isoquants usually have a concave shape. The isoquant represents the mix of capital and labor that will produce a given, fixed level of output.

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