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    Isocost: Isocost Unveiled, Navigating Economics with Clarity and Confidence
    Isocost: Isocost Unveiled, Navigating Economics with Clarity and Confidence
    Isocost: Isocost Unveiled, Navigating Economics with Clarity and Confidence
    Ebook236 pages2 hours

    Isocost: Isocost Unveiled, Navigating Economics with Clarity and Confidence

    By Fouad Sabry

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    About this ebook

    What is Isocost


    In economics, an isocost line shows all combinations of inputs which cost the same total amount. Although similar to the budget constraint in consumer theory, the use of the isocost line pertains to cost-minimization in production, as opposed to utility-maximization. For the two production inputs labour and capital, with fixed unit costs of the inputs, the equation of the isocost line is


    How you will benefit


    (I) Insights, and validations about the following topics:


    Chapter 1: Isocost


    Chapter 2: Profit maximization


    Chapter 3: Differential calculus


    Chapter 4: Budget constraint


    Chapter 5: Marginal cost


    Chapter 6: Production-possibility frontier


    Chapter 7: Production function


    Chapter 8: Average cost


    Chapter 9: Isoquant


    Chapter 10: Cross section (geometry)


    Chapter 11: Cost curve


    Chapter 12: Conditional factor demands


    Chapter 13: Total cost


    Chapter 14: Marginal rate of technical substitution


    Chapter 15: Supply (economics)


    Chapter 16: Marginal product of capital


    Chapter 17: Marginal product of labor


    Chapter 18: Robinson Crusoe economy


    Chapter 19: Expansion path


    Chapter 20: Linear function (calculus)


    Chapter 21: Markowitz model


    (II) Answering the public top questions about isocost.


    (III) Real world examples for the usage of isocost in many fields.


    Who this book is for


    Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Isocost.

    LanguageEnglish
    PublisherOne Billion Knowledgeable
    Release dateMar 29, 2024
    Isocost: Isocost Unveiled, Navigating Economics with Clarity and Confidence

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