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INCREASING RELATIVE COSTS [4 records]

Record 1 1987-04-28

English

Subject field(s)
  • Laws of the Market (Economy)
DEF

... law which ... prevails when in order to get equal extra amounts of one good, society must sacrifice ever-increasing amounts of the other good.

French

Domaine(s)
  • Lois du marché (Économie)

Spanish

Save record 1

Record 2 1987-04-27

English

Subject field(s)
  • Pricing Theory
  • Corporate Economics
OBS

A bowed-out or concave curvature of the production-possibility frontier depicts the law of increasing(relative) costs-as shown by the fact that when we want more farm goods(butter), their(relative) cost in terms of sacrificed Manufactures(guns) rises.

French

Domaine(s)
  • Théorie des prix
  • Économie de l'entreprise

Spanish

Save record 2

Record 3 1981-01-27

English

Subject field(s)
  • Economics
OBS

There are still gains from trade; but because of diminishing returns and increasing costs, there is not so much specialization as before and not quite such large gains. Note that at the equilibrium point, where no further trade is possible, relative(extra, or "marginal") production costs in the two countries are equal(...)

French

Domaine(s)
  • Économique

Spanish

Save record 3

Record 4 1981-01-27

English

Subject field(s)
  • Economics
CONT

The "law of increasing(relative) costs" prevails when in order to get equal extra amounts of one good, society must sacrifice ever-increasing amounts of the other good. A boned-out or concave curvature of the production-possibility frontier depicts the law of increasing(relative) costs-as shown by the fact that when we want more farm goods(butter), their(relative) cost in terms of sacrificed Manufactures(guns) rises.

French

Domaine(s)
  • Économique

Spanish

Save record 4

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