Скачать или смотреть Return to Scale Explained | Long Run Production | Bcom (hons)/pass Economics

This video lecture presents a clear and accessible explanation of the concept of "Isoquant" in production economics, specifically designed for BCom Honours and BCom Pass students. The lesson covers the meaning of isoquants as curves showing all combinations of two inputs—typically labor and capital—that yield the same level of output for a producer.
The instructor explains the properties of isoquants, such as their downward slope and convexity to the origin, using diagrams

The lecture also discusses exceptions to standard isoquant shapes, including cases of perfect substitutes (resulting in straight-line isoquants) and perfect complements (which form right-angle isoquants), helping students recognize unusual scenarios in input combinations.

#Tags-
#Isoquant Curve
#Properties of Isoquants
#Exceptions to Isoquant Shapes
#Production Function Analysis
#Long-Run Production
#BCom /Bcom(H)Economics syllabus
#Producer Decision Making
#Microeconomics Concepts
#economics
#microeconomics
#education