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isocost line and least cost factor combination | by Hardev Thakur
Published on 18/01/2020
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This video talks about isocost line and how producer equilibrium attained when isoquant and isocost line combined as well as we also discussed about equation of isocost line and slope of isocost line with slope of isoquant and also discussed about least cost factor combinations. in this video we elaborated the concept of isocost line and also talk about expansion path, price factor curve and isocline.
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#isocostline #equalcostline #isocost #leastfactorcombination #producerequilibrium #slopeofisocostline #equationofisocostline #expansionpath #pricefactorcurve #isocostandisoquant