Contour line
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A contour line of a function of two variables is a curve along which the function has a constant value, so that the curve joins points of equal value to the state. It is a plane section of the three-d
A three-dimensional surface, whose contour graph is below.
Edmond Halley's New and Correct Chart Shewing the Variations of the Compass (1701)
Isoquant
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An isoquant, also known as iso-product curve or equal product curve in microeconomics, is a contour line drawn through the set of points at which the same quantity of output is produced while changing
Contour line
…A contour line (also isoline, isopleth, isoquant or isarithm) of a function of two variables is a curve along which the function has a constant value, so that the curve joins points of equal value to…
C) Isoquant 1 is much more input-Y intensive than isoquant 2.