Words / I / Business

isocost

noun/ˈaɪsəʊkɒst/

C2CEFR level
95/100Rarity: very rare
TechnicalRegister

A line representing all input combinations that can be bought for the same total outlay.

The least-cost input mix sits where the isocost line just touches the target isoquant.

Topic: Economics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Economics