Unrestricted Use
CC BY
- Material Type:
- Full Course
- Provider:
- Rice University
- Provider Set:
- OpenStax College
- Date Added:
- 06/29/2017
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Unrestricted Use
CC BY
- Material Type:
- Unit of Study
- Provider:
- Rice University
- Provider Set:
- OpenStax College
Unrestricted Use
CC BY
By the end of this section, you will be able to:
Interpret production possibilities frontier graphs
Contrast a budget constraint and a production possibilities frontier
Explain the relationship between a production possibilities frontier and the law of diminishing returns
Contrast productive efficiency and allocative efficiency
Define comparative advantage
- Subject:
- Applied Science
- Material Type:
- Module
- Date Added:
- 08/21/2018
Unrestricted Use
CC BY
- Material Type:
- Unit of Study
- Provider:
- Rice University
- Provider Set:
- OpenStax College
Unrestricted Use
CC BY
By the end of this section, you will be able to:
Identify factors that affect demand
Graph demand curves and demand shifts
Identify factors that affect supply
Graph supply curves and supply shifts
- Subject:
- Applied Science
- Material Type:
- Module
- Date Added:
- 08/21/2018