Isoquant

-                      Isoquant

Isoquants refers to Indifference curves in quantity of product with same level of output production

Isoquants shows the changes in the quantities or combination of inputs to produce a product and output level remain same. An (Isoquant drive from quantity and the Greek word is word is ISO, meaning equal) The isoquant curve also known as “Equal Product Curve” or “Production Indifference Curve”

The concept of isoquants can be easily explained with the help of the table given below:

Combinations of Labour and Capital	Units of Labour (L)	Units of Capital (K)	Output of Cloth (meters)
A	5	9	100
B	10	6	100
C	15	4	100
D	20	3	100

                                                                -Table taken from ToughNickel

The above table is based on the assumption that only two factors of production, namely, Labour and Capital are used for producing 100 meters of cloth.

Combination A = 5L + 9K = 100 meters of cloth

Combination B = 10L + 6K = 100 meters of cloth

Combination C = 15L + 4K = 100 meters of cloth

Combination D = 20L + 3K = 100 meters of cloth

The combinations A, B, C and D show the possibility of producing 100 meters of cloth by applying various combinations of labour and capital. Thus, an isoquant schedule is a schedule of different combinations of factors of production yielding the same quantity of output.