Isovalue lines
id:
isovalue-lines-312-638205
title:
Isovalue lines
text:
In microeconomics, isovalue lines define a relationship between the production of two products in which the total market value is constant. For example: In a market that produces bread and wine, the market is willing to trade one bottle of wine for three breads. If this relationship is constant, we would have an isovalue line that sloped less than 45° downward. The exact slope could be derived from wine/bread, in this case -1/3.
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Isovalue_lines
date created:
date modified:
2023-09-29T22:14:51Z
main entity:
{"identifier":"Q6086591","url":"https://www.wikidata.org/entity/Q6086591"}
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fields total:
13
integrity:
13