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Showing posts with the label iso-cost curve economics

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3 Years Bangladesh Sanchayapatra | ৩ মাস অন্তর মুনাফাভিত্তিক সঞ্চয়পত্র

3 Monthly Profit Bearing Sanchayapatra [ ৩ মাস অন্তর মুনাফাভিত্তিক সঞ্চয়পত্র ] (Tin Mash Antar Munafa Vittik 3-Year Sanchayapatra) This Sanchayapatra was introduced in 1998 Denomination:   Tk.1, 00,000/-; Tk. 2, 00,000/-; Tk. 5, 00,000/- and 10, 00,000/-.  Issue Office:    National Savings Bureau, Bangladesh Bank, Schedule Bank and Bangladesh Post offices Download 3 Years Bangladesh Sanchayapatra form Who can purchase: A certificate may be purchased by any of the following, namely-  A single adult; A minor; Two adults in their joint names and An adult on behalf of-a single minor, two minor jointly, himself/herself and a minor jointly and any lunatic of whom he is the guardian or manager appointed by a court of law. How to Purchase: To submit a dully fill-up prescribed application from (SC-1) along with photocopy of National Identity Card or Passport or Birth certificate, 02 copies of passport size photograph each of holder and nominee

Define and draw an iso-cost curve

In economics, the iso-cost is the set of combinations of goods that have the same total cost; this can be represented by a curve on a graph. Figure: Iso-cost curve Iso-cost curve is the locus traced out by various combinations of L and K, each of which costs the producer the same amount of money (C ) Differentiating equation with respect to L, we have dK/dL = -w/r This gives the slope of the producer’s budget line (iso-cost curve). Iso cost line shows various combinations of labor and capital that the firm can buy for a given factor prices. The slope of iso cost line = PL/Pk. In this equation, PL is the price of labour and Pk is the price of capital. The slope of iso cost line indicates the ratio of the factor prices. A set of isocost lines can be drawn for different levels of factor prices, or different sums of money. The iso cost line will shift to the right when money spent on factors increases or firm could buy more as the factor prices are given.