# What is Isoquant?

## Here we under the concept of isoquant in detailed.

Do you have similar website/ Product?

Show in this page just for
$5 (for a month)

0/60

0/180

__What is Isoquant__?

__Isoquant__:It is a curve showing those combinations of two factors having same quantity of output. Iso means equal and quant means quantity.

**Isoquant**is known as equal product curve also because factor combinations lying on it are capable of producing same output. It is described as production indifference curve because, from technical point of view, a producer will always be indifferent among those factor combinations which have same quantity of output.

__Now we will understand Isoquant-Schedule__:Let us we assume that there are two factors of production-capital and labour and a commodity can be produced with the help of these two factors. Production function in this case will be as follows:__Isoquant-Schedule__:

Where, Px = output of X,

L = Labour,

C = Capital and

f = Functional relation.

__Figure shows an imaginery schedule of isoquant as follows__-Factor of Combination | Units of Labour | Units of Capital | Quantity of Output |

A | 5 | 9 | 100 x |

B | 10 | 6 | 100 x |

C | 15 | 4 | 100 x |

D | 29 | 3 | 100 x |

__Isoquant Curve__:

Here, Points A, B, C, D represents different combinations of labour and capital having same output, that is 100 units of X. By joining these all points, we obtain iso-quant IQ known as equal product curve.

CONTINUE READING

ISOQUANT

Kinnari

Tech writer at NewsandStory