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Look up: Isoquant

  1. Isoquant
    A curve showing all the different quantities of capital and labour which may be used to produce a given level of output.
    Found on http://www.encyclo.co.uk/visitor-contrib

  2. isoquant
    Given a production function, an isoquant is 'the locus of input combinations that yield the same output level.' (Chiang, p. 360) There is an isoquant set for each possible output level. Mathematically the isoquant is a level curve of the production function. Examples and discussion is at Martin Osbo...
    Found on http://www.econterms.com/glossary.cgi?qu

  3. Isoquant
    A curve representing the combinations of factor inputs that yield a given level of output in a production function.
    Found on http://www-personal.umich.edu/~alandear/

  4. Isoquant
    Same as Contour.
    Found on http://glossary.computing.society.inform

  5. Isoquant
    In economics, an isoquant is the combinations of inputs that can be used to produce a given level of output; this can be represented as a curve on a graph. The concept is analogous to that of an indifference curve in consumer theory. Given the prices of inputs faced by a firm, by making certain addi...
    Found on http://www.probertencyclopaedia.com/brow

  6. Isoquant
    In economics, an `isoquant` (derived from quantity and the Greek word iso, meaning equal) is a contour line drawn through the set of points at which the same quantity of output is produced while changing the quantities of two or more inputs. While an indifference curve mapping helps to solve the uti...
    Found on http://en.wikipedia.org/wiki/Isoquant

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11 February 2012

This day in history:
On 11th February, 1858, a 14 year old French peasant girl, Bernadette Soubirous claimed to have seen visions of the Virgin Mary at her native Lourdes. She also revealed that the waters of a spring near a grotto in Lourdes had been given healing powers by the Virgin. Eventually, the Roman Catholic church decided that the visions were authentic. Franz Werfel wrote the novel, Song of Bernadette, based on the story of Bernadette's visions. read more

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