B5 Isocosts Production Microeconomics

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Learn more: http://www.policonomics.com/isocost/ • Spanish version:    • B.5 Isocoste | Producción - Microecon...   • This video shows what isocost lines are, and how important they are when analysing production. We start learning about the budgetary restriction they represent, and explain what happens when the cost of inputs change. • Related videos: • -Production function:    • B.1 Production function | Production ...   • -Budget constraint:    • A.5 Budget constraint | Consumption -...   • Related articles: • -Production maximisation: http://www.policonomics.com/productio... • -Isoquants: http://www.policonomics.com/isoquant/ • Thank you for watching! • http://www.policonomics.com • Learn, and enjoy!

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