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Labor input dl - PowerPoint PPT Presentation

Production Function Multiple Variable Input

Production Function Multiple Variable Input. The 3D production function can be compressed into a set of isoquants plotted in a 2D (K,L) space. An isoquant shows all the input mixes of (L,K) that produce the same amount of Q. One isoquant for each level of Q

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Labor input dl - PowerPoint PPT Presentation

Production Function Multiple Variable Input