In what ways are firms' isoquant maps and individuals' indifference curve maps based on the same idea?

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In what ways are firms' isoquant maps and individuals' indifference curve maps based on the same idea? What are the most important ways in which these concepts differ?

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Intermediate Microeconomics and Its Application

ISBN: 978-1133189039

12th edition

Authors: Walter Nicholson, Christopher M. Snyder

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Question Posted: Oct 07, 2016 11:50 AM

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In what ways are firms' isoquant maps and individuals' indifference curve maps based on the same idea?

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Firms isoquant map and individuals indifference curves are similar in the manner that as a firms iso...View the full answer

Intermediate Microeconomics and Its Application

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