isocost line

简明释义

等量成本线

英英释义

例句

1.The intersection of the isocost line and the isoquant curve indicates the most cost-effective production point.

在等成本线和等产量曲线的交点表示最具成本效益的生产点。

2.When the price of labor decreases, the isocost line rotates outward, allowing for more labor to be hired.

当劳动力价格下降时，等成本线向外旋转，允许雇佣更多劳动力。

3.By analyzing the isocost line, we can see how changes in budget affect input choices.

通过分析等成本线，我们可以看到预算变化如何影响投入选择。

4.To maximize profits, firms must consider the position of the isocost line in relation to their production capabilities.

为了最大化利润，公司必须考虑等成本线相对于其生产能力的位置。

5.The manager plotted the isocost line to determine the optimal combination of labor and capital for production.

经理绘制了等成本线以确定生产中劳动力和资本的最佳组合。

作文

In the field of economics, particularly in production theory, the concept of the isocost line plays a crucial role in understanding how firms allocate their resources efficiently. An isocost line represents all the combinations of two inputs, typically labor and capital, that a firm can purchase for a given total cost. This line is essential for analyzing the cost structure of a firm and determining the optimal input mix to achieve maximum output at minimum cost.To illustrate this concept, consider a hypothetical firm that produces goods using labor and machinery. The firm has a budget constraint, meaning it can only spend a certain amount of money on these inputs. The isocost line can be graphically represented on a two-dimensional plane where one axis represents the quantity of labor and the other represents the quantity of capital. The slope of the isocost line is determined by the relative prices of labor and capital. For example, if labor is cheaper than capital, the isocost line will be steeper, indicating that the firm can afford more labor than capital for the same expenditure.The position of the isocost line shifts when there is a change in the firm's budget. If the budget increases, the isocost line shifts outward, allowing the firm to purchase more of both inputs. Conversely, if the budget decreases, the isocost line moves inward, reflecting the reduced purchasing power. Understanding how to manipulate the isocost line is vital for firms as they strive to minimize costs while maximizing production.In conjunction with the isocost line, firms also consider the isoquant curve, which illustrates the different combinations of inputs that yield the same level of output. The intersection of the isocost line and the isoquant curve indicates the optimal combination of inputs that minimizes cost for a given level of production. This point of tangency reflects the most efficient use of resources, where the marginal rate of technical substitution between labor and capital equals the ratio of their prices.Moreover, the analysis of the isocost line is not limited to just labor and capital; it can extend to various inputs depending on the production process. For instance, in agricultural economics, the isocost line could represent the trade-offs between land and labor, helping farmers decide how to allocate their resources effectively.In conclusion, the isocost line is a fundamental concept in economic theory that aids firms in making informed decisions regarding resource allocation. By understanding the relationship between costs and inputs, businesses can optimize their production processes and enhance profitability. As firms navigate the complexities of the market, the isocost line serves as a valuable tool in the quest for efficiency and cost-effectiveness.

在经济学领域，特别是在生产理论中，等成本线的概念在理解企业如何有效分配资源方面起着至关重要的作用。等成本线表示企业可以为给定总成本购买的两种投入（通常是劳动和资本）的所有组合。这条线对于分析企业的成本结构和确定最佳投入组合以实现最低成本下的最大产出至关重要。为了说明这一概念，考虑一个假设的企业，该企业使用劳动和机械生产商品。该企业有预算约束，这意味着它只能在这些投入上花费一定金额。等成本线可以在二维平面上图形化表示，其中一个轴代表劳动的数量，另一个轴代表资本的数量。等成本线的斜率由劳动和资本的相对价格决定。例如，如果劳动比资本便宜，则等成本线将更陡，表明企业可以在相同支出下负担更多的劳动而不是资本。当企业的预算发生变化时，等成本线的位置会发生变化。如果预算增加，等成本线向外移动，允许企业购买更多两种投入。相反，如果预算减少，等成本线向内移动，反映出购买力的降低。理解如何操控等成本线对企业来说至关重要，因为它们努力在最大限度地提高生产的同时降低成本。与等成本线一起，企业还考虑等产量曲线，它描绘了不同的投入组合所产生的相同产出水平。等成本线与等产量曲线的交点表示在给定生产水平下最小化成本的最佳投入组合。这一切点的切线反映了资源的最有效利用，其中劳动和资本之间的边际技术替代率等于其价格比率。此外，等成本线的分析不仅限于劳动和资本；它可以根据生产过程扩展到各种投入。例如，在农业经济学中，等成本线可以表示土地和劳动之间的权衡，帮助农民有效地决定如何分配资源。总之，等成本线是经济理论中的一个基本概念，帮助企业做出有关资源分配的明智决策。通过理解成本与投入之间的关系，企业可以优化其生产过程并提高盈利能力。随着企业在市场复杂性中航行，等成本线作为追求效率和成本效益的宝贵工具。