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Deutsche Isokostenkurve {f} [econ.] / Isokostenkurven {pl} Synonyme

econ  

Englische isocost curve Synonyme

isocost Definition

isocost Bedeutung

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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

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