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Showing posts with the label properties of iso-product curve

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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

What is an iso-product curve or isoquant and what are its properties?

In economics, an iso-product curve or isoquant is a contour line drawn through the set of points at which the same quantity of output is produced while changing the quantities of two or more inputs. Figure: I so-product curve ‘Iso’ means equal and ‘quant’ means quantity. Therefore, an isoquant represents a constant quantity of output. The isoquant curve is also known as an “Equal Product Curve” or “Production Indifference Curve” or Iso-Product Curve.” Iso-product curve: The combinations A, B, C and D show the possibility of producing 100 meters of cloth by applying various combinations of labor and capital. An iso-product curve is the graphic representation of an iso-product schedule. Thus, an isoquant is a curve showing all combinations of labor and capital that can be used to produce a given quantity of output. Properties of Isoquants or iso-product curve:   An isoquant lying above and to the right of another isoquant represents a higher level of output. Two iso