| 单词 | isoquant |
| 释义 | isoquant A curve showing the various combinations of different inputs which can be used to produce any given output. An isoquant shows only technically efficient combinations: the curve shows the minimum level of each input necessary for given levels of output and other inputs. What points on an isoquant are economically efficient depends on the prices of factor services, hown by an isocost curve line and the economically efficent set of inputs is that at which an isoquant touches the lowest possible isocost line. Isoquants are generally drawn convex to the origin: this is a technical fact and not a logical necessity. Their curvature shows how readily factor inputs can be substituted: as more of one factor is used, it becomes increasingly difficult to substitute it for the other factors. |
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