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How to draw isoquant curves for a certain quantity?
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Mar 7, 2018
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How to draw isoquant curves for a certain quantity?
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JeffbRTC
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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.
Joe Koker
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Mar 13, 2018
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