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