explain the properties or a feature of ISO quant curve
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ᴘʀᴏᴘᴇʀᴛʏ 1: ᴀɴ ɪsᴏǫᴜᴀɴᴛ ᴄᴜʀᴠᴇ sʟᴏᴘᴇs ᴅᴏᴡɴᴡᴀʀᴅ, ᴏʀ ɪs ɴᴇɢᴀᴛɪᴠᴇʟʏ sʟᴏᴘᴇᴅ. ᴛʜɪs ᴍᴇᴀɴs ᴛʜᴀᴛ ᴛʜᴇ sᴀᴍᴇ ʟᴇᴠᴇʟ ᴏғ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴏɴʟʏ ᴏᴄᴄᴜʀs ᴡʜᴇɴ ɪɴᴄʀᴇᴀsɪɴɢ ᴜɴɪᴛs ᴏғ ɪɴᴘᴜᴛ ᴀʀᴇ ᴏғғsᴇᴛ ᴡɪᴛʜ ʟᴇssᴇʀ ᴜɴɪᴛs ᴏғ ᴀɴᴏᴛʜᴇʀ ɪɴᴘᴜᴛ ғᴀᴄᴛᴏʀ.
ᴘʀᴏᴘᴇʀᴛʏ 2: ɪsᴏǫᴜᴀɴᴛ ᴄᴜʀᴠᴇs ᴄᴀɴɴᴏᴛ ʙᴇ ᴛᴀɴɢᴇɴᴛ ᴏʀ ɪɴᴛᴇʀsᴇᴄᴛ ᴏɴᴇ ᴀɴᴏᴛʜᴇʀ.❤
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Answer: an isoquant curve slopes downward, or is negatively sloped. This means that the same level of production only occur when increasing units of inputs are offset with lesser units of another input factors.....
property 2: An isoquant curve, because of the MRTS effect, is convex to its origin.This indicates that factors of production may be substituted with one another....
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