Micro Economics
ISO-quants | isoquants | equal production curve | zea tutor | Economics in urdu/hindi |
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ISO-quants | isoquants | equal production curve
ISO-quants | isoquants | equal production curve |
ISO-Quant lines show all the combinations of
possible outputs of a firm. The output remains the same at each given point on
the line. The ISO-quant curves are
similar to the indifference curves in consumer’s behavior theory. The ISO-quant
curves represent the maximum production level of the firm but the Indifferences
curves show the utility-maximization for a consumer.
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