Isoquant

Nov 2007
40
0
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?
 

romsek

MHF Helper
Nov 2013
6,725
3,030
California
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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HallsofIvy

MHF Helper
Apr 2005
20,249
7,909
"Isoquant" is an interesting word. "Iso", "same", and "quant" from "quantity". Similar to "isobar", a line of constant barometric pressure.
 
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