Isocost Line:
The isocost line plays a significant role in determining the combination of factors that the firm will select for generation. An isocost line is stated as locus of points representing different combinations of two factors that the firm can purchase with a specified outlay. Higher isocost lines symbolize higher outlays (i.e., total cost) and lower isocost lines symbolize lower outlays.
Figure: Iso cost lines
The isocost line based on two things:
(1) Prices of the factors of generation and
(2) The net outlay that a firm has to build on the factors of production. Provided these two, the isocost line can be drawn. The slope of isocost line is equivalent to the ratio of the prices of two factors. Therefore the slope of the isocost line is specified as:
Slope of isocost line = Price of factor X (Capital) Price of factor Y (Labor)
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Production help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Production, project ideas and tutorials. We provide email based Production help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Production. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Production. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
tutorsglobe.com analysing and interpreting financial statements part ii assignment help-homework help by online financial accounting tutors.
tutorsglobe.com dynamics of filtration assignment help-homework help by online excretion tutors
Theory and lecture notes of The class P of problems solvable in polynomial time all along with the key concepts of the class p of problems solvable, Complexity P & NP. Tutorsglobe offers homework help, assignment help and tutor’s assistance on class P of problems solvable in polynomial time.
Theory and lecture notes of Effects of Deficits all along with the key concepts of effects of deficits, Open-Economy Effects, Short Run Consequences, Political Consequences. Tutorsglobe offers homework help, assignment help and tutor’s assistance on effects of deficits.
Disease and pest resistance and their inheritance tutorial all along with the key concepts of Plant Breeding for Disease Resistance, Breeding for pest resistance, Resistance Breeding before Mendel, Resistance Breeding after Mendel, Four questions regarding pest resistance traits
Cost audit is beneficial to management, statutory auditor, cost accountant, and all other persons interested in the organisation.
Theory and lecture notes of ultinomial, Poisson and HyperGeometric all along with the key concepts of Multinomial Probabilities, Poisson Probabilities and Hypergeometric Probabilities. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Multinomial, Poisson and HyperGeometric.
Theory and lecture notes of Directed acyclic graphs of locks all along with the key concepts of directed acyclic graphs of locks, hierarchical locks. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Directed acyclic graphs of locks.
tutorsglobe.com different biological databases assignment help-homework help by online biological database tutors
www.tutorsglobe.com offers Object Oriented Concepts homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
tutorsglobe.com price discrimination assignment help-homework help by online business economics tutors
tutorsglobe.com genetically modified food assignment help-homework help by online crop diseases and their control tutors
Discriminator is a demodulator. It divide audio signal from frequency modulated IF signal. Crystal diodes are employed like detector diodes.
www.tutorsglobe.com offers substitution of the hydroxyl group homework help, assignment help, online tutoring assistance, organic chemistry solutions by online qualified tutor's help.
tutorsglobe.com classification of virus assignment help-homework help by online viruses tutors
1949309
Questions Asked
3689
Tutors
1483274
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!