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Gerald is an affectionate, well-behaved, cooperative individual with a severe intellectual disability, who is institutionalized. Gerald's disability is a rare one in which his skull failed to grow causing his brain to develop in a limited space. Gerald has the condition known as
Capital Goods
Long-term assets purchased by businesses to produce goods and services.
Production Possibility Frontier
A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources), assuming all resources are fully utilized.
Opportunity Costs
The penalty of overlooking the next most advantageous option when a choice is made.
Efficient
Achieving maximum productivity with minimum wasted effort or expense.
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