In economics an isocost line represents a combination of inputs which all cost the same amount. Although similar to the budget constraint in consumer theory, the use of the isocost pertains to cost-minimization in production, as opposed to utility-maximization. The typical isocost line represents the ratio of costs of labour and capital, so the formula is often written as: <math>rK+wL = C\,</math> Where w represents the wage of labour, and r represents the rental rate of capital.
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- In economics an isocost line represents a combination of inputs which all cost the same amount. Although similar to the budget constraint in consumer theory, the use of the isocost pertains to cost-minimization in production, as opposed to utility-maximization. The typical isocost line represents the ratio of costs of labour and capital, so the formula is often written as: <math>rK+wL = C\,</math> Where w represents the wage of labour, and r represents the rental rate of capital. The slope is: <math>-w/r\,</math> or the negative ratio of wages divided by rental fees. The isocost line is combined with the isoquant line to determine the optimal production point (at a given level of output).
- Izokosta je v ekonomické teorii přímka, která obsahuje všechny kombinace práce a kapitálu, které mohou být při daných (a neměnných) cenách výrobních faktorů pořízeny za dané celkové náklady.
- Izokoszta (krzywa jednakowego kosztu) to w mikroekonomii prosta obrazująca wszystkie kombinacje dwóch czynników wytwórczych, których koszt całkowity jest taki sam.
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- In economics an isocost line represents a combination of inputs which all cost the same amount. Although similar to the budget constraint in consumer theory, the use of the isocost pertains to cost-minimization in production, as opposed to utility-maximization. The typical isocost line represents the ratio of costs of labour and capital, so the formula is often written as: <math>rK+wL = C\,</math> Where w represents the wage of labour, and r represents the rental rate of capital.
- Izokosta je v ekonomické teorii přímka, která obsahuje všechny kombinace práce a kapitálu, které mohou být při daných (a neměnných) cenách výrobních faktorů pořízeny za dané celkové náklady.
- Izokoszta (krzywa jednakowego kosztu) to w mikroekonomii prosta obrazująca wszystkie kombinacje dwóch czynników wytwórczych, których koszt całkowity jest taki sam.
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- Isocost
- Izokosta
- Izokoszta
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