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equilibrium curve

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  • Equilibrium (puzzle) — Equilibrium, also known as Equi librium is an interlocking puzzle in the shape of a sphere. Copyrighted in 1974 by Reiss Games, Inc., it consists of 6 closed arch pieces, 5 of which have pegs on their straight center. The two pegs block the other …   Wikipedia

  • Determination of equilibrium constants — Equilibrium constants are determined in order to quantify chemical equilibria. When an equilibrium constant is expressed as a concentration quotient, it is implied that the activity quotient is constant. In order for this assumption to be valid… …   Wikipedia

  • General equilibrium — theory is a branch of theoretical microeconomics. It seeks to explain the behavior of supply, demand and prices in a whole economy with several or many markets. It is often assumed that agents are price takers and in that setting two common… …   Wikipedia

  • Phillips curve — The Phillips curve is a historical inverse relation between the rate of unemployment and the rate of inflation in an economy. Stated simply, the lower the unemployment in an economy, the higher the rate of increase in wages paid to labor in that… …   Wikipedia

  • Cost curve — In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms use these curves to find the optimal point of production (minimising cost), and… …   Wikipedia

  • Indifference curve — In microeconomic theory, an indifference curve is a graph showing different bundles of goods, each measured as to quantity, between which a consumer is indifferent. That is, at each point on the curve, the consumer has no preference for one… …   Wikipedia

  • Economic equilibrium — Price of market balance: P price Q quantity of good S supply D demand P0 price of market balance A surplus of demand when P<P0 B surplus of supply when P>P0 In economics, economic equilibrium is a state of the world where economic forces… …   Wikipedia

  • Demand curve — An example of a demand curve shifting In economics, the demand curve is the graph depicting the relationship between the price of a certain commodity, and the amount of it that consumers are willing and able to purchase at that given price. It is …   Wikipedia

  • Vapor-liquid equilibrium — Vapor liquid equilibrium, abbreviated as VLE by some, is a condition where a liquid and its vapor (gas phase) are in equilibrium with each other, a condition or state where the rate of evaporation (liquid changing to vapor) equals the rate of… …   Wikipedia

  • Contract curve — Blue contract curve showing points of tangency of indifference curves in an Edgeworth box In microeconomics, the contract curve is the set of points, representing final allocations of two goods between two people, that could occur as a result of… …   Wikipedia

  • Coalition-proof Nash equilibrium — The concept of coalition proof Nash equilibrium applies to certain noncooperative environments in which players can freely discuss their strategies but cannot make binding commitments [1]. It emphasizes the immunization to deviations that are… …   Wikipedia

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