Results 1 to 4 of 4
Like Tree3Thanks
  • 3 Post By romsek

Thread: Isoquant

  1. #1
    Junior Member
    Joined
    Nov 2007
    Posts
    40

    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?
    Follow Math Help Forum on Facebook and Google+

  2. #2
    MHF Contributor
    Joined
    Nov 2013
    From
    California
    Posts
    6,180
    Thanks
    2632

    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 $Q$
    Follow Math Help Forum on Facebook and Google+

  3. #3
    Junior Member
    Joined
    Nov 2007
    Posts
    40

    Re: Isoquant

    Ah thanks for that.
    Follow Math Help Forum on Facebook and Google+

  4. #4
    MHF Contributor

    Joined
    Apr 2005
    Posts
    19,858
    Thanks
    3070

    Re: Isoquant

    "Isoquant" is an interesting word. "Iso", "same", and "quant" from "quantity". Similar to "isobar", a line of constant barometric pressure.
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. isoquant and isocost
    Posted in the Business Math Forum
    Replies: 4
    Last Post: Sep 13th 2012, 01:08 PM
  2. isocost/isoquant economics problem
    Posted in the Algebra Forum
    Replies: 1
    Last Post: May 15th 2010, 08:34 PM

/mathhelpforum @mathhelpforum