What does Isocost Line mean?
A line showing all combinations of two inputs that can be purchased for the same total cost.
The manager used an Isocost Line to determine the cheapest combination of labor and capital.
Isocost Line in German, French, Spanish and Italian
GermanIsokostenlinie
Geometrischer Ort aller Inputkombinationen, die dieselben Kosten verursachen.
FrenchLigne d'isocoût
also Droite d'isocoût
Ligne représentant toutes les combinaisons de facteurs coûtant le même prix.
SpanishLínea de isocosto
also Recta isocoste
Línea que une puntos de igual coste total para dos insumos.
ItalianLinea di isocosto
also Isocosto
Retta che individua tutte le combinazioni di input con uguale costo.
Common phrases with Isocost Line
- determine isocost line
- cheapest combination isocost line
- inputs isocost line