Isoquant: Unlocking Economic Secrets, a Journey through Isoquants and Production Theory

One Billion Knowledgeable · AI-narrated by Mason (from Google)
Audiobook
4 hr 22 min
Unabridged
Eligible
AI-narrated
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About this audiobook

What is Isoquant


In microeconomics, an isoquant is a contour line that is drawn across the set of points at which the same quantity of output is produced while changing the quantities of two or more inputs. This line is formed through the series of points. On an isoquant, the x and y axes represent two relevant inputs, which are often a factor of production like as labour, capital, land, or organisation. These inputs contribute to the production of the isoquant. In addition to these names, an isoquant may also be referred to as a "Iso-Product Curve" or a "Equal Product Curve."


How you will benefit


(I) Insights, and validations about the following topics:


Chapter 1: Isoquant


Chapter 2: Physical capital


Chapter 3: Profit maximization


Chapter 4: Budget constraint


Chapter 5: Marginal cost


Chapter 6: Production-possibility frontier


Chapter 7: Production function


Chapter 8: Average cost


Chapter 9: Marginal product


Chapter 10: Market power


Chapter 11: Marginal revenue


Chapter 12: Isocost


Chapter 13: Cost curve


Chapter 14: Conditional factor demands


Chapter 15: Marginal rate of technical substitution


Chapter 16: Supply (economics)


Chapter 17: Margin (economics)


Chapter 18: Marginal product of capital


Chapter 19: Factor market


Chapter 20: Robinson Crusoe economy


Chapter 21: Expansion path


(II) Answering the public top questions about isoquant.


(III) Real world examples for the usage of isoquant in many fields.


Who this book is for


Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Isoquant.

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