Thegraph:Q*isoquantandmany isocostlines. Graph Twogoods Otherstuff CleanAirServices negativeofpollution airhas1ppmofgunk–polluton airhas99ppmofnon-gunk–cleanth CostMinTechnique 0 20 40 60 80 100 120 0204060 Air O t h e r S t u
Both isocosts and isoquants are curves plotted on a graph. Used by producers and manufacturers, they display the best interplay of two factors that will result in the maximum output at minimum cost. An isoquant shows all combinations of factors that produce a certain output. An isocost shows...