L 0 2 3 5 9

K 40 25 17.5 12.5 5
L 1 2 4 7 10
K 45 35 20 15 10
L 2 3 5 7 10
K 50 40 25 20 15

Isoquant
60

50

40
Q1 = 600
K 30 Q2 = 900
Q3 = 1,200
20

10

0
0 2 4 6 8 10 12
L
 Q1 = 600
Q2 = 900
Q3 = 1,200

10 12
L 40
K
 TC1 TC2 TC3 TC4
K L K L K L K L
25 0 40 0 50 0 50 0
Co
20 2 32 1 40 1 45 1
50
15 4 24 2 30 2 40 2
45
10 6 16 3 20 3 35 3
40
5 8 8 4 10 4 30 4 35
0 10 0 5 0 5 25 5 30
20 6 K 25
15 7 20
10 8 15
5 9 10
5
0 10
0
0 1 2 3
TC 250 400 500 600
PK 10 10 10 12
PL 25 80 100 60

L 0 2 3 5 9
600
K 40 25 17.5 12.5 5
L 1 2 4 7 10 500
K 45 35 20 15 10
400
L 2 3 5 7 10
K 50 40 25 20 15 TC 300
200
Q 600 900 1,200
TC 250 400 500 100

0
500 600
PL 25
PK 10
PL 80
PK 10
PL 100
PK 10
PL 60
PK 12
 Cost-Minimizing Equilibrium Isoquant
50 50
45 45
40 40
Q1
35 35
Q2
30 Q3 30
25
K TC1 K 25
20 TC2 20
15 TC3 15
10 TC4 10
5 5
0 0
0 1 2 3 4 5 6 7 8 9 10 0 1 2 3 4 5 6 7
L L

Cost of Curve Isocost

600 50
45
500
40
400 35
30
TC 300 K 25
20
200
15
100 10
5
0 0
500 600 700 800 900 1000 1100 1200 1300 0 1 2 3 4 5 6 7
Q L
0 10 0
0 25 0
0 5 0
0 40 0
0 5 0
0 50 0
0 10 0
0 50 0
 Isoquant

Q1 = 600
Q2 = 900
Q3 = 1,200

2 3 4 5 6 7 8 9 10
L

Isocost

TC1
TC2
TC3
TC4

2 3 4 5 6 7 8 9 10
L
 TC1 TC2 TC3 TC4
K L K L K L K L
7 0 10 0 10 0 50 0
6 1 8 1 9 1 45 1
5 2 6 2 8 2 40 2
4 3 4 3 7 3 35 3
3 4 2 4 6 4 30 4
2 5 0 5 5 5 25 5
1 6 4 6 20 6
0 7 3 7 15 7
2 8 10 8
1 9 5 9
0 10 0 10

TC 280 500 1000 600

PK 40 50 100 12
PL 40 100 100 60

((TC1/PK)*Variable)-TC1)/PK

TC2/PL
L*PL-TC/PK
 Isocost
12

10

K 6
4

0
0 1 2 3 4 5 6 7 8 9 10
L
L 2 4 6 8 10 12
K 10 30 50 70 90 110

PL 25 0 10 0
PK 10 0 25 0
PL 80 0 5 0
PK 10 0 40 0
PL 100 0 5 0
PK 10 0 50 0
PL 60 0 10 0
PK 12 0 50 0

Isocost
50
45
40
35
30 TC1 =$250
25 TC2 = $400
K TC3 = $500
20
TC4 = $600
15
10
5
0
0 1 2 3 4 5 6 7 8 9 10
L
 Cost of Curve
600

500

400

TC 300
200

100

0
500 600 700 800 900 1000 1100 1200 1300
Q
000 1100 1200 1300