eşürün

Turkish - English

Definition of eşürün in Turkish English dictionary

(Ekonomi) isoquant

In economics, an isoquant (derived from quantity and the Greek word iso [meaning equal]) is a contour line drawn through the set of points at which the same quantity of output is produced while changing the quantities of two or more inputs. While an indifference curve helps to answer the utility-maximizing problem of consumers, the isoquant deals with the cost-minimization problem of producers. Isoquants are typically drawn on capital-labor graphs, showing the tradeoff between capital and labor in the production function, and the decreasing marginal returns of both inputs. Adding one input while holding the other constant eventually leads to decreasing marginal output, and this is reflected in the shape of the isoquant. 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

a curve showing various technically efficient combinations of inputs that give the same amount of output (p 296)

A line of equal or constant economic production on a graph, chart or map

Same as Contour

Hyphenation

e·şü·rün