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Thread: Isoquant

  1. #1
    Junior Member
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    Isoquant

    Hi,

    I'm trying to understand how we can have capital and labour on the two axes and then have a curve drawn on the same graph representing an output level? Trying to understand the mathematical explanation for this. Don't you usually need to have one variable as a function of the other? Isoquants seem like random lines?
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  2. #2
    MHF Contributor
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    Re: Isoquant

    it's a contour curve.

    The curve represents points of a particular value of the function, i.e. $f(capital, ~labor) = Q$ for some $Q$
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  3. #3
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    Re: Isoquant

    Ah thanks for that.
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  4. #4
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    Re: Isoquant

    "Isoquant" is an interesting word. "Iso", "same", and "quant" from "quantity". Similar to "isobar", a line of constant barometric pressure.
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