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Isoquant
(redirected from Isoquants)

   Also found in: Medical, Wikipedia 0.01 sec.
Isoquant
On a chart, a line or curve representing identical outputs when one changes one of two inputs.


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Eventually, factor inputs and technical improvements cause movement outward to higher-level isoquants, and correspondingly an outward shift of the PPF.
Given scarce resources, any level of output can be derived from a combination of labor and technology, thus depicting a production possibility frontier (PPF), concave to the origin, as opposed to isoquants, showing the combination of labor and capital for a given level of output, which is convex to the origin.
Isoquants We can now calculate parameter combinations of [delta] and g that lead to fair contracts, that is, contracts with the same market value [V.
 
 
 
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