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Marginal Rates
Rates that apply to the next level of consumption, production, or income, often used in taxation to refer to the percentage of tax applied to the next dollar earned.
Indifference Curves
Graphical representations used in microeconomics to show different combinations of two goods that provide the same level of utility or satisfaction to an individual.
Contract Curve
In economics, the locus of points representing the set of mutually beneficial (Pareto optimal) allocations of goods or resources between two or more individuals.
Individuals
Persons or entities regarded as single and distinct from a group, often considered in terms of legal rights, responsibilities, and social roles.
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