Properties of Iso-Quants(Iso-Product) Curves – InterviewSolution

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1.	Properties of Iso-Quants(Iso-Product) Curves
Answer» Properties of Iso-Quants(Iso-Product) Curves Properties of Iso-quant Curve The iso-quant curve is negatively sloped, which means, in order to have a same level of production, the more use of UNITS of one input factor is to be offset with the lesser units of another input factor. This COMPLIES with the principle of Marginal Rate of TECHNICAL Substitution (MRTP). For example, with more units of CAPITAL, the lesser units of LABOR are to be employed to have a same level of output.

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