unit-value isoquant

Definition

Economics

• The isoquant for a quantity of a good worth one unit of value. This is meaningful only if the nominal price of the good is given, for some specified currency or numeraire. Unit-value isoquants are central to theLerner diagram for analyzing the Heckscher-Ohlin Model.

Nearby Definitions of “unit-value isoquant”

• unit price contract
• unit rise
• unit run
• unit trust
• unit-type vent
• unit-value isoquant
• unit water content
• unitary authority
• unitary construction
• unitary taxation
• United Kingdom

Contexts for “unit-value isoquant”

1 definition in context
• Economics