In June 2024
Answer to Question #211894 in Macroeconomics for Aayush
Define iso - quant and iso- product curve. How do you find the optimum combination point in case of factor- product, factor -factor and product – product relationship? Explain in brief.
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.
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