Question

what is an isoquant ?why are the isoquant downward sloping


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Answer 1

Explanation:

An isoquant slopes downwards from left to right. The logic behind this is the principle of diminishing marginal rate of technical substitution. In order to maintain a given output, a reduction in the use of one input must be offset by an increase in the use of another input.

Answer 2

Answer:

The isoquant curve is a graph, used in the study of microeconomics, that charts all inputs that produce a specified level of output. An isoquant slopes downwards from left to right. The logic behind this is the principle of diminishing marginal rate of technical substitution. In order to maintain a given output, a reduction in the use of one input must be offset by an increase in the use of another input.

Explanation:

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