Question

• The shape of an Equal product
curve is limited by which lines?​

Answer 1

Answer:

Equal product curve is also known as production indifference curves. A given quantity of output that can be produced with different combination of inputs are shown by the isoquant. Isoquant curves are also called as Equal product, Isoproduct or Production Indifference curves.

Answer 2

The isoquant curve assists companies and businesses in making adjustments to inputs to maximize production, and thus profits. An isoquant curve is a concave line plotted on a graph, showing all of the various combinations of two inputs that result in the same amount of output.