Identify properties of Iso-Product Curves with the help of graph?
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The term Iso-quant or Iso-product is composed of two words, Iso = equal, quant = quantity or product = output.
Thus it means equal quantity or equal product. Different factors are needed to produce a good. These factors may be substituted for one another.
Thus it means equal quantity or equal product. Different factors are needed to produce a good. These factors may be substituted for one another.
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