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EEFA - ISOQUANT - FINAL YEAR CS/IT - SRI SAIRAM INSTITUTE OF TECHNOLOGY - DR,K,BARANIDHARAN
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Isoquant is also called as equal product curve or production indifference curve or constant product curve. Isoquant indicates various combinations of two factors of production which give the same level of output per unit of time. Just as an indifference curve represents various combinations of two goods which give a consumer equal amount of satisfaction, an iso-product curve shows all possible combinations of two inputs physically capable of producing a given level of output. Since an iso-product curve represents those combinations which will result in the production of an equal quantity of output, the producer would be indifferent between them. This law was given by Alfred Marshall in his book principle of economics. It show particular pattern of change in output when some factor remain fixed. Production depend upon factors of production , if factors of production are good, production may increase and vice-versa. Production function show functional relationship between production and factors of production. It refers to manner of change in output cost by the increase in all the input simultaneously and in the same proportion. Returns refers to “change in physical output” Scale refers to “quantity of input employed” Change in scale means that all factors of production are increased or decreased in same proportion. The cost advantage that arises with increased output of a product. It arises because of the inverse relationship between the quantity produced and per-unit fixed cost. Profit refers to the excess of receipts from the sale of goods over the expenditure incurred on producing them. The amount received from the sale of goods is known as ‘revenue’ and the expenditure on production of such goods is termed as ‘cost’. The difference between revenue and cost is known as ‘profit’. For example, if a firm sells goods for Rs. 10 crores after incurring an expenditure of Rs. 7 crores, then profit will be Rs. 3 crores.
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Isoquant is also called as equal product curve or production indifference curve or constant product curve. Isoquant indicates various combinations of two factors of production which give the same level of output per unit of time. Just as an indifference curve represents various combinations of two goods which give a consumer equal amount of satisfaction, an iso-product curve shows all possible combinations of two inputs physically capable of producing a given level of output. Since an iso-product curve represents those combinations which will result in the production of an equal quantity of output, the producer would be indifferent between them. This law was given by Alfred Marshall in his book principle of economics. It show particular pattern of change in output when some factor remain fixed. Production depend upon factors of production , if factors of production are good, production may increase and vice-versa. Production function show functional relationship between production and factors of production. It refers to manner of change in output cost by the increase in all the input simultaneously and in the same proportion. Returns refers to “change in physical output” Scale refers to “quantity of input employed” Change in scale means that all factors of production are increased or decreased in same proportion. The cost advantage that arises with increased output of a product. It arises because of the inverse relationship between the quantity produced and per-unit fixed cost. Profit refers to the excess of receipts from the sale of goods over the expenditure incurred on producing them. The amount received from the sale of goods is known as ‘revenue’ and the expenditure on production of such goods is termed as ‘cost’. The difference between revenue and cost is known as ‘profit’. For example, if a firm sells goods for Rs. 10 crores after incurring an expenditure of Rs. 7 crores, then profit will be Rs. 3 crores.
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This article aims to demonstrate that the Lula government is faced with two major challenges in its effort to promote Brazil's economic and social development. The first challenge, of an economic nature, is represented by the obstacles that exist with the spending cap policy, despite the flexibility provided by the fiscal framework and the existence of an independent Central Bank, which make the Brazilian government unable to coordinate its fiscal and monetary policies, make public investments in the expansion of the economy and obtain macroeconomic stability and, the second challenge, of a political nature, is represented by the obstacles existing in the National Congress due to the fact that it does not have a majority in parliament, which prevents the federal government from putting its national developmental project into practice and fully meet social demands. For Brazil's progressive forces to re-elect President Lula in the 2026 presidential elections and obtain a parliamentary majority in the National Congress committed to political, economic and social advances, the Lula government will have to be successful on the economic front, promoting the expansion of the economy, increasing significantly generating jobs and income, keeping inflation under control and meeting the maximum social demands that benefit, above all, the country's underserved populations. Brazil's progressive forces need to commit, starting from the 2024 municipal elections, towards to elect the maximum number of mayors and councilors committed to Brazil's political, economic and social advances. These are the conditions to prevent, in 2026, right-wing extremists from regaining the Presidency of the Republic, expanding their participation in state governments and the National Congress and putting their nefarious anti-social and anti-national project into practice.
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China's soft power in 21st century .pptx
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Politician uddhav thackeray biography- Full Details
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Production 2
1.
2.
3.
Isoquants are covex
to the Origin
4.
ECONOMIC REGION OF
PRODUCTION Y A 1 A 2 A 3 A 4 B 1 B 2 B 3 B 4 IQ 1 IQ 2 IQ 3 IQ 4 X O LABOUR CAPITAL
5.
6.
ISO-COST LINE Rs.
200 Rs. 300 Rs. 400 80 60 10 20 30 40 40 20 O Y X B D F A C E
7.
PRODUCER’S EQUIBRIUM Capital
O Y X O Y X Labour E 1 C D F H E IQ 2 U T G R P Q IQ E 2 IQ 3 IQ 1 A B Capital Labour Figure-1 Figure-2
8.
EXPANSION PATH G
E B A F H C D O Y X Expansion Path E 1 E 2 E 3 E 4
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