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Home » Economics Homework Help » Business Economics Help » Isoquent Product Curve
Isoquent Product Curve
This particular aspect of business economics explains various production functions in terms of traditional analysis. However, it explains them with the help of isoquent-isocost approach. This technique is similar to the indifference curves techniques as consumption theory.

The term ‘Isoquent’ has been derived from ‘iso’ meaning equal and ‘quant’ meaning quantity. The Isoquent curve is, therefore, also known as ‘equal product curve’ or ‘production indifference curve’. An Isoquent curve is locus of points representing the various combinations of two inputs-capital and labour-yielding the same output. The fact that different input combinations can produce the same output is based on the assumption that capital and labour are perfect substitutes all along the Isoquent curve.

Iso-product curve represents all possible combinations of two factors that will give the same total product. An iso product curve is a curve along which the maximum achievable rate of production is constant. In short, we can say that an Isoquent is a curve on which the various combinations of labour and capital show the same output.

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Demand Capital Characteristics Cross Demand Price Elasticity Factors Income Demand Demand Income Elasticity Demand Demand Price Elasticity Total Outlay Method Inductive Deductive Method Demand Supply Interaction Firm Equilibrium Increasing Utility Methods Monopoly Monopolistic Competition Demand For Capital Gross Net Interest Firm Perfect Competition Cost Theory Concepts Interest Isoquent Product Curve Land Importance Marginal Rate Substitution Producers Equilibrium Loanable Funds Supply Demographic Transition Capital Labour Characteristics Labour Division Labour Types Labour And Capital Economic Laws Characteristics Deductive Method Inductive Method Economic Laws Macroeconomic Analysis Microeconomic Analysis Economics Scope Large Scale Benefits Douglas Production Function Production Volume Factors Production Laws Large Scale Laws Production Function Production Significance Oligopoly Emergence Causes Oligopoly Classification Market Size Market And Oligopoly Market Monopoly Control Dumping Monopoly Monopolistic Competition Revenue Cost Nature Price Discrimination Competitive Market Long Period Price Short Period Price Perfect Competition Capitalism Problems Price Mechanism Price Mechanism Limitations Demand Principle Socialist Economy Problems Profit Dynamic Theory Profit Profit Uncertainty Profit Risk Theory Profit Theory Rent Kinds Rent Rent Modern Theory Quasi Rent Rent Ricardian Theory Situational Rent Demand Price Elasticity Factor Pricing Demand Affecting Factors Returns To Scale Isoquent Curves Production Factor Supply Land Productivity Factors Land Importance Labour Production Scale Land Characteristics Internal Economies Types Average Fixed Cost Average Variable Cost Gross Profit Constituents Theory Of Costs Long Run Marginal Cost