WebRidge Lines: To separate the two regions of production we draw ridge lines. The locus of points of isoquants where the marginal products of the factors are zero form the ridge lines. The area enclosed by two ridge lines is called the economic region of production and the area outside the ridge lines is uneconomic region of production. WebThe ridge line R marks the boundary between stage I and stage II just as R’ marks the boundary between stages II and III. We see that neither stage I nor stage III is desirable for production, since the marginal productivity of at least one input is negative in those stages.

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WebRidge lines or border lines Line OA intersects each production possibility curve where the production possibility curve is horizontal. Line OB intersects each production possibility curve where it is vertical. The portions of production possibility curve falling within the ridge lines have negative slope indicating competition (MRS < 0). hogwarts legacy for beginners

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http://ecoursesonline.iasri.res.in/Courses/Production%20Economics%20&%20Farm%20Management/AECO342/Data%20Files/lec09.pdf WebApr 16, 2012 · Ridge lines separate the relevant (i.e. the negatively sloped) from the irrelevant (or positively sloped) portion of the isoquant. With right angled or L shaped, isoquant , inputs can only be combined in fixed proportion in production. Key Terms Iso Quant Iso cost Ridge Lines Least Cost Combination Producers Equilibrium WebOct 25, 2012 · Explain the concept of ridge lines in economics? Ridge lines is a concept in Micro Economics related to Isoquants (which shows different combination of inputs for … huber heights police dept ohio