Subject:
Economics
Material Type:
Unit of Study
Level:
Community College / Lower Division, College / Upper Division
Tags:
Cost, Tradeoff Diagram, Marginal Analysis, ba, Economic Efficiency, Positive Statements, Tradeoffs, Law of Diminishing Returns, Production Possibilities Frontier (PPF), Market Economy, Invisible Hand, Adam Smith, Sunk Costs, Utility, Opportunity Cost, Slope, Allocative Efficiency, Firm, Law of Diminishing Marginal Utility, Normative Statements, Scarcity, Opportunity Set, Budget Constraint, Price, Productive Efficiency
License:
http://creativecommons.org/licenses/by/4.0/