Isocost

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  • A graphical tool used in economics to analyze the long run choice of factors of production is the isocost/isoquant analysis. A graphical tool used in economics to analyze the long run choice of factors of production is the isocost/isoquant analysis.

    ppt12p mientrung102 29-01-2013 25 5   Download

  • Lecture Basic microeconomics - Chapter 10A: Isocost/Isoquant analysis. The topics discussed in this chapter are: Isocost/isoquanat analysis, the isoquant curve, the isocost line, combining isoquant and isocost curves.

    ppt12p nomoney7 04-03-2017 0 0   Download

  • Upon completion of this chapter you should understand: Calculating linear breakeven points; calculating nonlinear breakeven points; effect of changes in costs and revenue; strategies associated with capacity limits, expansion and profits; isocosts and breakeven between products;...

    pdf21p youcanletgo_05 22-01-2016 9 1   Download

  • In this chapter students will be able to: Draw a graph of a typical production isoquant and use the definition of an isoquant to explain why isoquants must be downward sloping, discuss the properties of an isoquant, construct isocost curves for a given level of expenditure on inputs,...

    ppt42p tangtuy10 04-05-2016 2 1   Download

  • Chapter 9 - Production and cost in the long run. In this chapter students will be able to: Draw a graph of a typical production isoquant and use the definition of an isoquant to explain why isoquants must be downward sloping, discuss the properties of an isoquant, construct isocost curves for a given level of expenditure on inputs,...

    ppt26p nomoney7 04-03-2017 0 0   Download

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