Expansion path
id:
expansion-path-195-13453577
title:
Expansion path
text:
In economics, an expansion path is a path connecting optimal input combinations as the scale of production expands. It is often represented as a curve in a graph with quantities of two inputs, typically physical capital and labor, plotted on the axes. A producer seeking to produce a given number of units of a product in the cheapest possible way chooses the point on the expansion path that is also on the isoquant associated with that output level. Economists Alfred Stonier and Douglas Hague defi
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Expansion_path
date created:
date modified:
2023-12-18T23:00:16Z
main entity:
{"identifier":"Q3478677","url":"https://www.wikidata.org/entity/Q3478677"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/1/1f/Isoquant_isocost_graph.png","width":445,"height":348}
fields total:
13
integrity:
14