An isoquant (derived from quantity and the Greek word isos, ίσος, meaning "equal"), in microeconomics, is a contour line drawn through the set of points...

the isoquant map to determine the optimal production point at any given level of output. Specifically, the point of tangency between any isoquant and...

A contour line (also isoline, isopleth, isoquant or isarithm) of a function of two variables is a curve along which the function has a constant value,...

are the marginal products of input 1 and input 2, respectively. Along an isoquant, the MRTS shows the rate at which one input (e.g. capital or labor) may...

say, the middle isoquant, the lowest cost can be obtained by using amounts of labor and capital such that the point on the given isoquant is on the lowest...

percentage change in their prices. It gives a measure of the curvature of an isoquant, and thus, the substitutability between inputs (or goods), i.e. how easy...

possible way chooses the point on the expansion path that is also on the isoquant associated with that output level. Economists Alfred Stonier and Douglas...

context, they are called price-factor curves and are constructed with Isoquant curves and a line representing the ratio between factor prices instead...

times the number of steering wheels}. Cobb–Douglas production function Isoquant Allen, R. G. D. (1968). Macro-economic Theory: A Mathematical Treatment...

this independence is a precondition of constructing an isoquant. Further, the slope of the isoquant helps determine relative factor prices, but the curve...

capital to labor ratio, such as from the points along a capital/labor isoquant. The inverse of capital intensity is labor intensity. Capital intensity...

production consist of negatively sloped portion of all isoquants. Production lines Q1 and Q2 are the isoquants, depicting the technically efficient factor combinations...

the considered function, such as isobar, isotherm, isogon, isochrone, isoquant and indifference curve. Consider the 2-dimensional Euclidean distance:...

If a plane section is taken parallel to the xy-plane, the result is an isoquant showing the various combinations of labor and capital usage that would...

Wire-grid Cobb–Douglas production surface with isoquants...

loss of one unit of x. Similarly, sometimes the level set R(L, K) is an isoquant showing various combinations of utilized quantities L of labor and K of...

constraints called resource endowments Intertemporal budget constraint Isoquant Opportunity cost Scarcity Trade-off Paternalism Allingham, Michael (1987)...

progress – Invisible hand – Islamic economic jurisprudence – IS/LM model – Isoquant – Ithaca Hours Jane Jacobs – JEL classification codes – Job hunting – Joint...

production total, average, and marginal product curves marginal productivity isoquants & isocosts the marginal rate of technical substitution Production function...

production, say, K and L, it is a measure of the curvature of a production isoquant. The mathematical definition is:   ϵ = [ ∂ ( s l o p e ) ∂ ( L / K ) L...

capital to labor ratio, such as from the points along a capital/labor isoquant. capitalism An economic system based on the private ownership of the means...