Definition of "isoquant" []

• A line of equal or constant economic production on a graph, chart or map. (noun)

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• "The firm may well reorganize to have a higher capital labor ratio as a result, but total output will be lower because the firm's new budget constraint is below the initial budget constraint, and therefore, also below the prior isoquant."
• "Prior to whatever mechanism made labor more costly, the firm was operating on an isoquant tangent to the initial buget constraint."
• "It is an artifact of product aggregation, not factor substitution (i.e., along a given product isoquant)."