Definition of "isoquant" []

  • A line of equal or constant economic production on a graph, chart or map. (noun) : Text is available under the Creative Commons Attribution-ShareAlike License

Use "isoquant" in a sentence
  • "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)."
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