What Is The Difference Between Indifference Curves And Isoquant Curves?

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John Nawrocki Profile
John Nawrocki answered
An isoquant curve is a graph drawn through the set of points at which the same quantity of output is produced while changing two or more inputs.

An indifference curve is a graph showing different groups of items, each measured at a point where the consumer shows no preference for one group over the other. The customer becomes indifferent.
Anonymous Profile
Anonymous answered
2 good economy, both having a downward slop. Their is no curve intresecr each other
Anonymous Profile
Anonymous answered
Indifference curve have negative slope & convex to org ion
isoquant curves have positive slope & convex to org ion
Anonymous Profile
Anonymous answered
1. Both they have negative slope
2. In both cases they don't intersect each other
3. They are convex to their origin

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