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Q. Explain about Isoquant Map?
We can label isoquants in physical units of output without any difficulty. Because every isoquant signifies a specified level of output it's possible to say by how much the output is lesser or greater on one isoquant than on other. This is elucidated by an isoquant map displayed in Figure below.
Figure: Isoquant Map
It demonstrates that output is 20 units, 40 units and 60 units on isoquants Q1, Q2 and Q3 respectively. So on isoquant Q2 the output is 20 units more than on isoquant Q1; and on isoquant Q3 output is 40 units more than on isoquant Q1. So an isoquant map facilitates not only measurement of the physical quantities of output though also comparison the size of output between various isoquants. Theoretically, an isoquant map comprises an infinite number of isoquants. This is because response of output to infinite changes in factors is presumed to be continuous.
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