Question

a kinked isoquant indicates​

Answer 1

Answer:

Kinked Isoquant: Refers to an isoquant that represents different combinations of labor and capital. These combinations can be used in different processes of production, but in fixed proportion. According to L-shaped isoquant, there would be only one combination between capital and labor in a fixed proportion.

Answer 2

Answer:

Refers to an isoquant that represents different combinations of labor and capital. These combinations can be used in different processes of production, but in fixed proportion is called kinked isoquant

Explanation:

What is kinked isoquant?

• L-shaped isoquant states that there would only be one combination of capital and labour in a particular fixed proportion.
• Different capital and labour combinations are used in the two machines.  
• This isoquant posits that there is no other iso-quant.
• Curve: The limited substitutability of the production elements is what this curve presupposes.
• This demonstrates how kinking isoquant can occur when variables are substituted.
• A limited amount of substitution between the production elements is possible in such an isoquant curve.
• The quantity is also restricted. Isoquant with a kink: makes reference to an isoquant that depicts various ratios of labour and capital.

To learn more about kinked isoquant refer:

brainly.in/question/15449811

brainly.in/question/15612344

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