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Isoquants and its properties
- 4. Production Function The relationship between the inputs to the production process and the resulting output is described by a production function. P(A)= f(L,K)
- 10. Isoquant Table showing combinations of Labour and Capital Producing 100 units of X 2 9 6 3 6 5 4 4 4 5 3 3 7 2 2 10 1 1 Units of Capital Units of Labour Processes
- 11. Convex isoquant 4 2 L 7 4 2 4 K Y X O
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