1. Isoquant do no intersect.
2. The higher the isoquant the more the output it represent.
3. Isoquant are negatively sloping, that is, for one factor to be increased the other factor has to be reduced so as to keep the output constant.
4. Isoquants are convex to the origin, that is, as we move down the isoquant small units of capital are required to be substituted by a given increment of labour to keep output constant.
OR
1. Convex to the origin
2. Two isoquants cannot intersect each other
3. Are not necessarily parallel to each other
4. Are negatively incline
5. In between two isoquants there can be several isoquants
Jonmhumble answered the question on October 26, 2017 at 15:51
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