Question

write a short note on Isoquant curve​

Answer 1

This Isoquant curve is a graph ,used in the study of microeconomics,that charts all inputs that produce a specified level of output. This graph is used as a metric for the influence that the inputs have on the level of output or production that can be obtained. The isoquant curve assists firms in making adjustments to inputs to miximize outputs and thus profits

Answer 2

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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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