文档标签: cost Cost 系统标签: isoquant cost isocost curves tbes air IsoquanttoCostCurves ©1998PeterBerck ReviewTechnique TechniquetomakeQ*:bundleofinputs thatmakesQ* EfficienttechniquetomakeQ*: xisanefficienttechniqueifthereisno technique,y,thatalsomakesQ*suchthaty haslessofoneinputandnotmoreof...
Explain graphically how isoquant-isocost analysis can be used to derive long-run labor demand curve. Distinguish between the substitution and output effects. Isoquant: Isoquant shows the relationship between two or more inputs t...