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Translations for „isoquant“ in the English » German Dictionary (Go to German » English)

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Specialized Vocabulary

isoquant

Monolingual examples (not verified by PONS Editors)

English

The isocost line is combined with the isoquant map to determine the optimal production point at any given level of output. en.wikipedia.org

While an indifference curve mapping helps to solve the utility-maximizing problem of consumers, the isoquant mapping deals with the cost-minimization problem of producers. en.wikipedia.org

It is equal to 0 where the isoquant becomes horizontal, and equal to infinity where it becomes vertical. en.wikipedia.org

Also, every possible combination of inputs is on an isoquant. en.wikipedia.org

An isoquant (see below) relates the quantities of one input to the quantities of another input. en.wikipedia.org

Adding one input while holding the other constant eventually leads to decreasing marginal output, and this is reflected in the shape of the isoquant. en.wikipedia.org

If the two inputs are perfect complements, the isoquant map takes the form of fig. en.wikipedia.org

The higher the isoquant, the higher the production. en.wikipedia.org

Finally, any combination of inputs above or to the right of an isoquant results in more output than any point on the isoquant. en.wikipedia.org

A family of isoquants can be represented by an isoquant map, a graph combining a number of isoquants, each representing a different quantity of output. en.wikipedia.org

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