service contract 392

Families (TANF) 366

product differentiation 239
production 158

Service Employees International

the law of increasing

Union 340

opportunity cost 35

production function 162

shareholders 410

production possibilities frontier

shares 411

(PPF) 34

Sherman Antitrust Act 262

production possibility frontier

shift in demand 58

(PPF) 294, 452

shift in supply 59

production technologies 174

short run 163

theory 17

thick market 390

thin market 390

time series 509

total costs 189

total profit 227

Productive efficiency 36, 206,

short-run average cost (SRAC)

total revenue 189, 225

244, 298

productivity 456

Profit 165, 189

profit margin 172, 194

profit-maximizing 241

profits 249

curves 177

shortage 54

Simple interest 425

slope 34, 503

social benefits 309

social costs 283

total surplus 75

total utility 139
trade secrets 219

trademark 219

tradeoffs 40

traditional economy 18

progressive tax system 377

social rate of return 311
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