CBSE BOARD XII, asked by Nejamuddin, 11 months ago

what is an isoquant

Answers

Answered by md9235298

Answer:

An isoquant is a firm's counterpart of the consumer's indifference curve. An isoquant is a curve that shows all the combinations of inputs that yield the same level of output. 'Iso' means equal and 'quant' means quantity. Therefore, an isoquant represents a constant quantity of output

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