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Isoquant

An isoquant (derived from quantity and the Greek word isos, ίσος, meaning "equal"), also known as iso-product curve or equal product curve in microeconomics, is a contour line drawn through the set of points at which the same quantity of output is produced while changing the quantities of two or more inputs. The x and y axis on an isoquant represent two…

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Nature and practical uses

Managerial economicsIsocostCapital-labor graphsProduction functionCapital cost
13 related topics

Vs. indifference curves

Indifference curve
1 related topics

Shapes

Expansion path
1 related topics

Non-convexity

Elasticity of substitution
1 related topics

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Overview

Vs. indifference curves

Nature and practical uses

Shapes

Non-convexity

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Map overview Semantic statistics

Isoquant

Nodes24
Edges23
Triples26
Avg. degree1.92
Density0.083333
Components1

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Isoquant

Top relations

related to Nature and practical uses · 11
Isoquant → Adding, As, Efficient, Full, If, In, MRTS, Since MRTS, The, This, Thus
related to Non-convexity · 5
Isoquant → At, Consider, In, The, Under
related to Shapes · 3
Isoquant → If, Q3, The
related to Vs. indifference curves · 3
Isoquant → Indifference, Whereas, While

Important terminology Word statistics

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Important terminology

inputs output isoquants input two production firm marginal isocost combination curves decreasing returns cost level line also resources produce scale

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
labourinstance ofwhich are usually a factor of production0.80text
capitalinstance ofwhich are usually a factor of production0.80text
landinstance ofwhich are usually a factor of production0.80text
or organisationinstance ofwhich are usually a factor of production0.80text
Isoquantrelated to Nature and practical usesIn0.60section
Isoquantrelated to Nature and practical usesAs0.60section
Isoquantrelated to Nature and practical usesMRTS0.60section
Isoquantrelated to Nature and practical usesThe0.60section
Isoquantrelated to Nature and practical usesThis0.60section
Isoquantrelated to Nature and practical usesThus0.60section
Isoquantrelated to Nature and practical usesSince MRTS0.60section
Isoquantrelated to Nature and practical usesAdding0.60section

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    Min side: 3
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