Question

Question 39)
The area lying between the two ridge lines is the​

Answer 1

Answer:

An isoquant is elliptical or oval-shaped as shown in Fig. 5 but its area of rational operation lies between the ridge lines.

Explanation:

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Answer 2

Answer:

The area lying between the two ridge lines is called an ISOQUANT

Explanation:

• Although an isoquant is circular or oval in form, its reasonable operation region is located between the ridgelines.
• Only those isoquant segments that are convex to the origin and lie between the ridgelines will be produced by the company.
• The ridge lines are spots on isoquants where the marginal products (MP) of factors are equal to zero.
• The top ridge line denotes zero capital MP, whereas the lower ridge line denotes zero Labor MP.