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Find the second derivative of the function.
Institutional Constraints
Regulations, norms, or laws imposed by institutions that limit or guide the behavior of individuals, groups, or firms within a society or economy.
Production Possibilities Curve
A graph that shows the various combinations of goods and services that an economy can produce given its resources and technology.
Capacity Utilization
The percentage of a firm's or nation's total production capacity that is actually being used over a specific time period.
Passive Resource
A passive resource refers to an economic asset that requires no active management or labor input to generate income or value.
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