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Business Eco Assignment1st Yr Nikhil Patel
Business Eco Assignment1st Yr Nikhil Patel
1 Introduction 3
2 Objective 4
3 Conclusion 5
4 Bibliography 6
INTRODUCTION
What Is an Isoquant?
An isoquant in economics is a curve that, when plotted on a graph, shows all the combinations
of two factors that produce a given output. Often used in manufacturing, with capital and
labour as the two factors, isoquants can show the optimal combination of inputs that will
produce the maximum output at minimum cost.
Properties of Isoquants