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Why isoquant do not intercept?
Isoquants do not intersect because each isoquant represents a different level of output, and each point on an isoquant signifies the same level of production. If two isoquants were to intersect, it would imply that the same combination of inputs could produce two different levels of output, which contradicts the fundamental principles of production theory. Therefore, isoquants are distinct and ordered in a way that reflects increasing levels of output as one moves to higher isoquants.
Is a ploygon convex or not convex?
a polygon is convex
Difference of non convex and convex?
A non convex is a concave and a convex is differently shaped
Is a trapezoid concave or convex?
A trapezoid is convex.
Is a regular circle concave or convex?
convex
Why isoquants convex to the origin?
law of diminishing returns
What are the properties of isoquants?
The further the Isoquant is from the origin, the greater will be the level of output (i.e a higher isoquant represent a higher level of output) Two Isoquants can never intersect each other Isoquants always slopes downward
What is the ridge lines in economics?
ridge lines is the combination of isoquants
Is a ploygon convex or not convex?
a polygon is convex
How producers equilibrium is achieved with isoquant and isocost curves?
producers equilibrium is achieved with isoquants and isocost curves
Difference of non convex and convex?
A non convex is a concave and a convex is differently shaped
Explain the concept of ridge lines in economics?
Ridge lines is a concept in Micro Economics related to Isoquants (which shows different combination of inputs for the same level of output). However, after a certain point Isoquant begins to slope upward, if there are 2 or more isoquants then there would be similar points on the other isoquants too... on joining these points, you get the ridge lines. Note: the point from where Isoquant slopes upward is a point where the marginal product of one of the input is negative.
What kind of lens does a projector use?
projector have concave or convex
Is the union of two convex sets a non-convex set?
the union of two convex sets need not be a convex set.
Are eyes concave or convex?
convex
Which term describes a polygon with no dents in it?
A convex polygon.I suspect that what you mean is a convex polygon.
What part of speech in convex?
"Convex" is an adjective.
