There are three main types of isoquants, each with distinct implications: convex-shaped, right-angled, and straight line. These shapes reveal the relationship between inputs like labor and capital, ranging from their perfect substitutability to the necessity of using them in fixed proportions.
Convex-Shaped Isoquants:
Right-Angled (L-Shaped) Isoquants:
Straight Line Isoquants:
From Chapter 6:
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