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