top button
Flag Notify
    Connect to us
      Site Registration

Site Registration

What are the types of isoquants in microeconomics?

+1 vote
844 views
What are the types of isoquants in microeconomics?
posted Jul 11, 2017 by Amrita

Share this question
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

Linear Isoquant: This type assumes perfect sustainability of factors of production: a given commodity may be produced by using only capital, or only labour, or by an infinite combination of K and L.Input-Output Isoquant: This assumes strict complementary that is, zero substitutability of the factors of production. The isoquant take the shape of a right angle. This type of isoquant is also called 'Leontief isoquant' after Leontief, who invented the input-output ananlysis.Kinked Isoquant: This assmes limited substitutability of K and L.

answer Jul 12, 2017 by Prajwal C.m.
...