← Course home
EC311 · Intermediate Microeconomics
EC311 / TOPIC 20
6.2 Isoquants, least cost and substitution
A teaching model for this topic. Its illustrative numbers may differ from the worked question.
1 Predict → 2 Try → 3 Explain → 4 Challenge
How can a firm respond to higher wages at unchanged output?
Illustrative model numbers, not Thailand or current economic data.