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Isoquants

Unit 5: Theory of ProductionTopic 3 of 5
Browse the Microeconomics for Business syllabus

Microeconomics for Business

8 units
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What the syllabus expects

  • Assumptions
  • Marginal rate of technical substitution
  • Properties

Isoquants

Bachelor of Business Studies (BBS) — First Year

Subject: Microeconomics for Business (MGT 207)

Unit 5: Theory of Production

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of isoquants.
  • Explain the economic reasoning and use appropriate diagrams or relationships in business analysis.

Curriculum Scope

  • Assumptions
  • Marginal rate of technical substitution
  • Properties

Detailed Microsyllabus

  1. Isoquant foundations

    1. Equal-output input combinations.
    2. Assumptions and standard properties of isoquants.
    3. Isoquant maps and levels of output.

  2. Marginal rate of technical substitution

    1. Input trade-offs along an isoquant.
    2. Relation to marginal products.
    3. Diminishing substitution under standard convexity assumptions.

Curriculum reference: Tribhuvan University, Faculty of Management, BBS curriculum with first-year syllabus, PDF pages 17-19.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit lecture hours apply to the whole unit; no separate topic hours or marks are assigned here. The programme subject list identifies this course as MGT 207; the detailed subject heading in the source prints MGT 203.