wht is isoquant ????
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The term "isoquant," broken down in Latin, means “equal quantity,” with “iso” meaning equal and “quant” meaning quantity. The isoquant curve is a company's counterpart to the consumer's indifference curve. Essentially, the curve represents a consistent amount of output
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The term "isoquant," broken down in Latin, means “equal quantity,” with “iso” meaning equal and “quant” meaning quantity. The isoquant curve is a company's counterpart to the consumer's indifference curve. Essentially, the curve represents a consistent amount of output
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