What does an isoquant represent

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Reference no: EM132131408

Question: Suppose a firm splits tasks in a value chain and tries to decide to get involved in the optimal production given its available factors of production. Draw a PPF involving R&D and components activities of this single firm. What does an isoquant represent? What happens if the price of components falls relative to components as a result of offshoring?

Reference no: EM132131408

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