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define isocost
In economics an isocost line shows all combinations of inputs which cost the same total amount.
Question|Asked by jim dumanjog
Asked 5/6/2014 11:15:56 PM
Updated 5/7/2014 12:05:34 AM
1 Answer/Comment
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In economics an isocost line shows all combinations of inputs which cost the same total amount.
Added 5/7/2014 12:05:34 AM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [5/8/2014 8:11:19 AM]
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Questions asked by jim dumanjog
define graphical method
Question|Asked by jim dumanjog
Updated 5/6/2014 11:59:23 PM
1 Answer/Comment
The graphical method is a quick and simple means of finding an approximate solution of two simultaneous equations.
Added 5/6/2014 11:59:23 PM
This answer has been confirmed as correct and helpful.
Confirmed by andrewpallarca [5/7/2014 12:37:09 AM]
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