EE-Learning
Production possibilities curve
Catogry:
Economics & Finance
Subject:
Microeconomics
Course:
Scarcity, Possibilities, Preferences And Opportunity Cost
Lecture List
Types of indifference curves
Optimal point on budget line
Indifference curves and marginal rate of substitution
Budget line
Deriving demand curve from tweaking marginal utility per dollar
Utility maximization: equalizing marginal utility per dollar
Marginal utility and total utility
Comparative advantage and absolute advantage
Comparative advantage, specialization, and gains from trade
Economic growth through investment
Allocative efficiency and marginal benefit
Increasing opportunity cost
Opportunity cost
Production possibilities curve