Economy, asked by smansoor2289, 6 months ago

Which of the following statement is not true of a smooth convex isoquant?

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Answered by UrvilTrivedi
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Answered by steffiaspinno
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A smooth isoquant curve is an inward formed line on a diagram, utilized in the investigation of microeconomics, that outlines every one of the elements, or information sources, that produce a predetermined degree of the result. This diagram is utilized as a measurement for the impact that the sources of info most generally, capital and work have on the reachable degree of result or creation. The isoquant bend helps organizations and organizations in making changes in accordance with contributions to amplify creation, and subsequently benefits.

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