B.2 Isoquants | Production - Microeconomics

With this video, you'll be able to understand what isoquants are, and how they can help analyse production. You'll learn the main characteristics of different types of isoquants, as well as what the marginal rate of technical substitution is.

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[mahekmulla]

I have the Properties of Isoquants.
That is, 1.Isoquants is convex to origin.
2.Higer the Isoqunt to the right, higher is the level of production it represents.
3.Two Isoquants can never intersect each other
4.Isoqunts need not be parallel
Isoqaunt cannot touch either of the axes.
5.Isoqaunt are negatively inclined.
6.Units of the factors and output represented by an isoqaunt are arbitrary.
7.Between two isoqaunt, there can be a number of isoqaunt.
Please share the video on YouTube...

[noobmaster-dmtu]

short, crisp and precise.

loved it!

thanks for the great explanation

[nuthunmoher]

A lot of information in just 3 min. Thank you

[SwaggyEmma]

The perfect example for perfect compliment I would say are shoes.

It doesn't matter if you have 10 right footed shoes if you don't have the left footed shoe.

Meaning you have to have a pair of right and left footed shoe so it would be worth anything.

For example you'd rather have one pair of shoes you could wear ( left and right ones) rather then single right footed shoes ( they'd be no good to you).

Meaning, the amount isn't greater then the actual number needed to make a fit.

[mogesk.m]

Ur approach is so fantastic. keep it up.

[kidushabtewold]

thankyou so much, may God bless your life

[jimlin]

Thank u for saving my microeconomic!!
谢谢！！好人一生平安~

[dillydul]

Thank you so very much. This video is really helpful.

[noueruz-zaman]

shouldn't the values of axis be opposite

k on the y-axis and l on the x-axis

well that's what it says in the book and other YouTube vidoes

[cpprasad]

Thank you very much liked it.
you explained about three types of iso quants, from the three the firm uses anyone of them?

[mapa]

Mam I have one doubt... If capital is kept 1 unit and labour is kept 10 units and production is let's say 100 units, and then I increased by capital by 1 extra unit making it 2, and so decreased the labour by 4 units, still the production being same... And then again I increased capital by 1 unit, and now the labour should again decrease by 4 units only no, because in 1st case we saw that work of 4 labourers is done by 1 unit of capital... Mam please clear it.

[Policonomics]

This week's featured video explains everything you need to know about isoquants:

B.2 Isoquants | Production - Microeconomics

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[xinjin]

what does it mean for some case that shows＂ isoquants x=1＂？

[jaserkhan]

what's the name of the line that passes through the optimal points of the isoquant curves?