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Flashcards - Scarcity, Opportunity Cost & Production Possibility Curves

Flashcards - Scarcity, Opportunity Cost & Production Possibility Curves
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production possibilities curve
A production–possibility frontier or production possibility curve is a graphical representation of possible combination of two goods with constant resources and technology
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capital structure
In finance, particularly corporate finance capital structure is the way a corporation finances its assets through some combination of equity, debt, or hybrid securities
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capital structure
In finance, particularly corporate finance capital structure is the way a corporation finances its assets through some combination of equity, debt, or hybrid securities
production possibilities curve
A production–possibility frontier or production possibility curve is a graphical representation of possible combination of two goods with constant resources and technology
capital goods
A capital good is a durable good that is used in the production of goods or services
economy
An economy is an area of the production, distribution, or trade, and consumption of goods and services by different agents in a given geographical location
law of increasing opportunity costs
In economics, the law of increasing costs is a principle that states that once all factors of production are at maximum output and efficiency, producing more will cost more than average

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