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D.M.T.D.

Dissanayake

SAB/BSc/2019/12/A/12021

1. What is an iso-quant?

Iso-quant is a line drawn through the set of points at which the same quantity of output is

produced while changing the quantities of two or more inputs.

2. What is an iso-cost curve?

An iso-cost line is a curve which shows various combinations of inputs that cost the same

total amount.

3. Producer equilibrium graph for the long-run.

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