Lovely Economics Chapter 1 Section 3 #6 10 Slide 10 Copyright © Pearson Education, Inc.Chapter 1, Section 3 Law Of Increasing Costs

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Lovely Economics Chapter 1 Section 3 #6 10 Slide 10 Copyright © Pearson Education, Inc.Chapter 1, Section 3 Law Of Increasing Costs

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Essence of Lovely Economics Chapter 1 Section 3 #6 10 Slide 10 Copyright © Pearson Education, Inc.Chapter 1, Section 3 Law Of Increasing Costs

Economics

ec•o•nom•ics (ek′ə nomiks, ē′kə-),USA pronunciation n. 
  1. (used with a sing. v.) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.
  2. (used with a pl. v.) financial considerations;
    economically significant aspects: What are the economics of such a project?

Chapter

chap•ter (chaptər),USA pronunciation n. 
  1. a main division of a book, treatise, or the like, usually bearing a number or title.
  2. a branch, usually restricted to a given locality, of a society, organization, fraternity, etc.: the Connecticut chapter of the American Red Cross.
  3. an important portion or division of anything: The atomic bomb opened a new chapter in history.
  4. [Eccles.]
    • an assembly of the monks in a monastery, of those in a province, or of the entire order.
    • a general assembly of the canons of a church.
    • a meeting of the elected representatives of the provinces or houses of a religious community.
    • the body of such canons or representatives collectively.
  5. any general assembly.
  6. [Liturgy.]a short scriptural quotation read at various parts of the office, as after the last psalm in the service of lauds, prime, tierce, etc.
  7. [Horol.]any of the marks or numerals designating the hours on a dial.

v.t. 
  1. to divide into or arrange in chapters.
chapter•al, adj. 

Section

sec•tion (sekshən),USA pronunciation n. 
  1. a part that is cut off or separated.
  2. a distinct part or subdivision of anything, as an object, country, community, class, or the like: the poor section of town; the left section of a drawer.
  3. a distinct part or subdivision of a writing, as of a newspaper, legal code, chapter, etc.: the financial section of a daily paper; section 2 of the bylaws.
  4. one of a number of parts that can be fitted together to make a whole: sections of a fishing rod.
  5. (in most of the U.S. west of Ohio) one of the 36 numbered subdivisions, each one square mile (2.59 sq. km or 640 acres), of a township.
  6. an act or instance of cutting;
    separation by cutting.
    • the making of an incision.
    • an incision.
  7. a thin slice of a tissue, mineral, or the like, as for microscopic examination.
  8. a representation of an object as it would appear if cut by a plane, showing its internal structure.
  9. [Mil.]
    • a small unit consisting of two or more squads.
    • Also called  staff section. any of the subdivisions of a staff.
    • a small tactical division in naval and air units.
    • a division of a sleeping car containing both an upper and a lower berth.
    • a length of trackage, roadbed, signal equipment, etc., maintained by one crew.
  10. any of two or more trains, buses, or the like, running on the same route and schedule at the same time, one right behind the other, and considered as one unit, as when a second is necessary to accommodate more passengers than the first can carry: On holidays the New York to Boston train runs in three sections.
  11. a segment of a naturally segmented fruit, as of an orange or grapefruit.
  12. a division of an orchestra or band containing all the instruments of one class: a rhythm section.
  13. [Bookbinding.]signature (def. 8).
  14. Also called  section mark. a mark used to indicate a subdivision of a book, chapter, or the like, or as a mark of reference to a footnote.
  15. [Theat.]one of a series of circuits for controlling certain lights, as footlights.
  16. shape (def. 12).

v.t. 
  1. to cut or divide into sections.
  2. to cut through so as to present a section.
  3. to make an incision.

Slide

slide (slīd),USA pronunciation v.,  slid  (slid),USA pronunciation  slid or slid•den  (slidn),USA pronunciation  slid•ing, n. 
v.i. 
  1. to move along in continuous contact with a smooth or slippery surface: to slide down a snow-covered hill.
  2. to slip or skid.
  3. to glide or pass smoothly.
  4. to slip easily, quietly, or unobtrusively on or as if on a track, channel, or guide rail (usually fol. by in, out, away, etc.).
  5. to pass or fall gradually into a specified state, character, practice, etc.
  6. to decline or decrease: Interest rates are beginning to slide.
  7. [Baseball.](of a base runner) to cast oneself, usually feet first, forward along the ground in the direction of the base being approached, to present less of a target for a baseman attempting to make a tag.

v.t. 
  1. to cause to slide, slip, or coast, as over a surface or with a smooth, gliding motion.
  2. to hand, pass along, or slip (something) easily or quietly (usually fol. by in, into, etc.): to slide a note into someone's hand.
  3. let slide, to allow to deteriorate, pursue a natural course, etc., without intervention on one's part: to let things slide.

n. 
  1. an act or instance of sliding.
  2. a smooth surface for sliding on, esp. a type of chute in a playground.
  3. an object intended to slide.
    • a landslide or the like.
    • the mass of matter sliding down.
  4. a single transparency, object, or image for projection in a projector, as a lantern slide.
  5. a small positive color transparency mounted for projection on a screen or magnification through a viewer.
  6. a usually rectangular plate of glass on which objects are placed for microscopic examination.
  7. a shelf sliding into the body of a piece when not in use.
    • an embellishment consisting of an upward or downward series of three or more tones, the last of which is the principal tone.
    • a portamento.
    • aU-shaped section of the tube of an instrument of the trumpet class, as the trombone, that can be pushed in or out to alter the length of the air column and change the pitch.
  8. a vehicle mounted on runners, for conveying loads, as of grain or wood, esp. over a level surface.
  9. (of a machine or mechanism)
    • a moving part working on a track, channel, or guide rails.
    • the surface, track, channel, or guide rails on which the part moves.
  10. any of various chutes used in logging, mining, or materials handling.
  11. a flat or very low-heeled, backless shoe or slipper that can be slipped on and off the foot easily.
slida•ble, adj. 
slida•ble•ness, n. 

Section

sec•tion (sekshən),USA pronunciation n. 
  1. a part that is cut off or separated.
  2. a distinct part or subdivision of anything, as an object, country, community, class, or the like: the poor section of town; the left section of a drawer.
  3. a distinct part or subdivision of a writing, as of a newspaper, legal code, chapter, etc.: the financial section of a daily paper; section 2 of the bylaws.
  4. one of a number of parts that can be fitted together to make a whole: sections of a fishing rod.
  5. (in most of the U.S. west of Ohio) one of the 36 numbered subdivisions, each one square mile (2.59 sq. km or 640 acres), of a township.
  6. an act or instance of cutting;
    separation by cutting.
    • the making of an incision.
    • an incision.
  7. a thin slice of a tissue, mineral, or the like, as for microscopic examination.
  8. a representation of an object as it would appear if cut by a plane, showing its internal structure.
  9. [Mil.]
    • a small unit consisting of two or more squads.
    • Also called  staff section. any of the subdivisions of a staff.
    • a small tactical division in naval and air units.
    • a division of a sleeping car containing both an upper and a lower berth.
    • a length of trackage, roadbed, signal equipment, etc., maintained by one crew.
  10. any of two or more trains, buses, or the like, running on the same route and schedule at the same time, one right behind the other, and considered as one unit, as when a second is necessary to accommodate more passengers than the first can carry: On holidays the New York to Boston train runs in three sections.
  11. a segment of a naturally segmented fruit, as of an orange or grapefruit.
  12. a division of an orchestra or band containing all the instruments of one class: a rhythm section.
  13. [Bookbinding.]signature (def. 8).
  14. Also called  section mark. a mark used to indicate a subdivision of a book, chapter, or the like, or as a mark of reference to a footnote.
  15. [Theat.]one of a series of circuits for controlling certain lights, as footlights.
  16. shape (def. 12).

v.t. 
  1. to cut or divide into sections.
  2. to cut through so as to present a section.
  3. to make an incision.

Law

law1  (lô),USA pronunciation n. 
  1. the principles and regulations established in a community by some authority and applicable to its people, whether in the form of legislation or of custom and policies recognized and enforced by judicial decision.
  2. any written or positive rule or collection of rules prescribed under the authority of the state or nation, as by the people in its constitution. Cf. bylaw, statute law.
  3. the controlling influence of such rules;
    the condition of society brought about by their observance: maintaining law and order.
  4. a system or collection of such rules.
  5. the department of knowledge concerned with these rules;
    jurisprudence: to study law.
  6. the body of such rules concerned with a particular subject or derived from a particular source: commercial law.
  7. an act of the supreme legislative body of a state or nation, as distinguished from the constitution.
  8. the principles applied in the courts of common law, as distinguished from equity.
  9. the profession that deals with law and legal procedure: to practice law.
  10. legal action;
    litigation: to go to law.
  11. a person, group, or agency acting officially to enforce the law: The law arrived at the scene soon after the alarm went off.
  12. any rule or injunction that must be obeyed: Having a nourishing breakfast was an absolute law in our household.
  13. a rule or principle of proper conduct sanctioned by conscience, concepts of natural justice, or the will of a deity: a moral law.
  14. a rule or manner of behavior that is instinctive or spontaneous: the law of self-preservation.
  15. (in philosophy, science, etc.)
    • a statement of a relation or sequence of phenomena invariable under the same conditions.
    • a mathematical rule.
  16. a principle based on the predictable consequences of an act, condition, etc.: the law of supply and demand.
  17. a rule, principle, or convention regarded as governing the structure or the relationship of an element in the structure of something, as of a language or work of art: the laws of playwriting; the laws of grammar.
  18. a commandment or a revelation from God.
  19. (sometimes cap.) a divinely appointed order or system.
  20. the Law. See  Law of Moses. 
  21. the preceptive part of the Bible, esp. of the New Testament, in contradistinction to its promises: the law of Christ.
  22. [Brit. Sports.]an allowance of time or distance given a quarry or competitor in a race, as the head start given a fox before the hounds are set after it.
  23. be a law to or  unto oneself, to follow one's own inclinations, rules of behavior, etc.;
    act independently or unconventionally, esp. without regard for established mores.
  24. lay down the law: 
    • to state one's views authoritatively.
    • to give a command in an imperious manner: The manager laid down the law to the workers.
  25. take the law into one's own hands, to administer justice as one sees fit without recourse to the usual law enforcement or legal processes: The townspeople took the law into their own hands before the sheriff took action.

v.t. 
  1. [Chiefly Dial.]to sue or prosecute.
  2. [Brit.](formerly) to expeditate (an animal).
lawlike′, adj. 

Of

of1  (uv, ov; unstressed əv or, esp. before consonants, ə),USA pronunciation prep. 
  1. (used to indicate distance or direction from, separation, deprivation, etc.): within a mile of the church; south of Omaha; to be robbed of one's money.
  2. (used to indicate derivation, origin, or source): a man of good family; the plays of Shakespeare; a piece of cake.
  3. (used to indicate cause, motive, occasion, or reason): to die of hunger.
  4. (used to indicate material, component parts, substance, or contents): a dress of silk; a book of poems; a package of cheese.
  5. (used to indicate apposition or identity): Is that idiot of a salesman calling again?
  6. (used to indicate specific identity or a particular item within a category): the city of Chicago; thoughts of love.
  7. (used to indicate possession, connection, or association): the king of France; the property of the church.
  8. (used to indicate inclusion in a number, class, or whole): one of us.
  9. (used to indicate the objective relation, the object of the action noted by the preceding noun or the application of a verb or adjective): the ringing of bells; He writes her of home; I'm tired of working.
  10. (used to indicate reference or respect): There is talk of peace.
  11. (used to indicate qualities or attributes): an ambassador of remarkable tact.
  12. (used to indicate a specified time): They arrived of an evening.
  13. [Chiefly Northern U.S.]before the hour of;
    until: twenty minutes of five.
  14. on the part of: It was very mean of you to laugh at me.
  15. in respect to: fleet of foot.
  16. set aside for or devoted to: a minute of prayer.
  17. [Archaic.]by: consumed of worms.
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