Course Content
Farm management in relation to other science, farm management and farming systems
0/2
Farm records, accounts, and their types
0/3
Factors affecting farm cost and incomes
0/2
Introduction to linear programming
0/2
Learn Farm Management, Production economics and Planning with Rahul

Characteristics of Isocost line

Isocost Line: Definition, Slope & Equation | StudySmarter

  1. Distance of Isocost line from the origin
  • As total outlays (expenditure) increase, the Isocost line moves higher and higher, further away from the origin.
  • For example, an Isocost line will be half way between the origin and Rs. 200 outlay line. Both lines will have the same slope.
  1. Slope of Isocost lines
  • Changes in the input prices will change the slope of the Isocost line. The slope of the isocost line, therefore, indicates the ratio of factor prices.
Scroll to Top