FIGURE 5.2
Isoquants and Isocost
Lines
The two isoquants in
part (a) show the
different combinations
of labor and capital
needed to produce
636 and 800 units
of output. The isocost
lines in part (b) show
combinations of inputs
a firm can acquire at
various total costs.
Amount of Capital
6
0681012141618
8
10
12
14
16
Amount of Labor
Capital Input
5
0 5 10 15 20 25 30
10
15
20
Labor Input
TC = $120 TC = $220 TC = $300
(a) Isoquants
(b) Isocost Lines
A
B
C
Q = 636 Q = 800
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