ISOQUANT


Meaning of ISOQUANT in English

a type of level curve which frequently used in economics to denote the combinations of two variables as inputs to produce a fixed function value as output. Isoquant is always convex to the origin to reflect the diminishing rate of factor substitution.

Sean Woo's Finance, GIS and real estate English glossary.      Английский глоссарий по ГИС(Географическая информационная система) и недвижимости Sean Woo's Finance.