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Isoquant map - How To Discuss

Writer Grace Evans

Isoquant map,

Definition of Isoquant map:

  1. A collection of isoquants, or equal product curves , plotted together to show a range of possibilities for achieving the same level of output. Used by economists to isolate the optimum conditions for achieving a certain level of output at the lowest cost.

Meaning of Isoquant map & Isoquant map Definition