isoquant การใช้

• Also, every possible combination of inputs is on an isoquant.
• The problem is that this independence is a precondition of constructing an isoquant.
• If the two inputs are perfect complements, the isoquant map takes the form of fig.
• It is the slope the isoquant.
• Each straight line segment is an tangency between the given isoquant and one of the cost curves.
• Thus the MRTS is the absolute value of the slope of an isoquant at the point in question.
• The isocost line is combined with the isoquant map to determine the optimal production point at any given level of output.
• When production reaches a point where substitution between the factors becomes impossible ( MP LK ), the isoquant becomes positively sloping.
• With two factors of production, say, K and L, it is a measure of the curvature of a production isoquant.
• Finally, any combination of inputs above or to the right of an isoquant results in more output than any point on the isoquant.
• Finally, any combination of inputs above or to the right of an isoquant results in more output than any point on the isoquant.
• Adding one input while holding the other constant eventually leads to decreasing marginal output, and this is reflected in the shape of the isoquant.
• While an indifference curve mapping helps to solve the utility-maximizing problem of consumers, the isoquant mapping deals with the cost-minimization problem of producers.
• A cost-minimizing input bundle is a point on the isoquant for the given " y " that is on the lowest possible isocost line.
• An isoquant map can also indicate decreasing or increasing returns to scale based on increasing or decreasing distances between the isoquant pairs of fixed output increment, as output increases.
• An isoquant map can also indicate decreasing or increasing returns to scale based on increasing or decreasing distances between the isoquant pairs of fixed output increment, as output increases.
• B; with a level of production Q3, input X and input Y can only be combined efficiently in the certain ratio occurring at the kink in the isoquant.
• Further, the slope of the isoquant helps determine relative factor prices, but the curve cannot be constructed ( and its slope measured ) unless the prices are known beforehand.
• In various application areas, isocontours have received specific names, which indicate often the nature of the values of the considered function, such as isochrone, isoquant and indifference curve.
• An isoquant shows that extent to which the firm in question has the ability to substitute between the two different inputs at will in order to produce the same level of output.