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Joel's CD-making business is looking shaky in March,and in October he transfers the title to his house to his wife for $1.Immediately thereafter,he files for bankruptcy.The transfer to his wife could be challenged by creditors as
Envelope
In economics, often describes a theoretical outer limit or boundary, such as the envelope curve which envelopes all the possible positions of equilibrium.
Short-run Expansion Path
The route a firm takes to increase output by optimizing the combination of inputs used, given at least one fixed input, over a short period.
Variable Input
A production input whose quantity can be changed in the short term to influence output.
Fixed
Related to something that is unchanging, constant, or securely attached and not subject to variation.
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