Search results
Results from the WOW.Com Content Network
In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods. The "guns or butter" model is used generally as a simplification of national spending as a part of GDP. This may be seen as an analogy for ...
In Figure 7, producing 10 more packets of butter, at a low level of butter production, costs the loss of 5 guns (shown as a movement from A to B). At point C, the economy is already close to its maximum potential butter output. To produce 10 more packets of butter, 50 guns must be sacrificed (as with a movement from C to D).
The slope of the curve at a point on it gives the trade-off between the two goods. It measures what an additional unit of one good costs in units forgone of the other good, an example of a real opportunity cost. Thus, if one more Gun costs 100 units of butter, the opportunity cost of one Gun is 100 Butter.
The price of a butter slab has spiked 26% since December, reflecting how inflation is unraveling for the average Russian in Vladimir Putin's war economy. The great Russian butter robbery—and ...
By the end of October, the price of butter in Russia was up 25.7% compared with December 2023, according to government statistics. Not all grocery or dairy prices are running up at such a rate.
1.1.1.7 Curve families of variable degree. ... This is a list of Wikipedia articles about curves used in different fields: mathematics (including geometry, ...
The Hubbert curve [2] is the first derivative of a logistic function, which has been used for modeling the depletion of crude oil in particular, the depletion of finite mineral resources in general [3] and also population growth patterns. [4] Example of a Hubbert Linearization on the US Lower-48 crude oil production.
Main page; Contents; Current events; Random article; About Wikipedia; Contact us