| 1. | The dotted line Pi shows the expansion path of the modern sector.
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| 2. | The set of all such tangency points is called the firm's " expansion path ".
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| 3. | The expansion path of the industrial sector is given by the line OA o A 1 A 2.
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| 4. | PHOENIX-The NHL has trod the expansion path in recent years, and some of the results have been dubious.
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| 5. | The expansion path involved adding 1, 500 MW of new capacity, equally distributed between hydro and thermal sources, by 2011.
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| 6. | A line connecting all points of tangency between the indifference curve and the budget constraint is called the expansion path.
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| 7. | A line joining tangency points of isoquants and isocosts ( with input prices held constant ) is called the expansion path.
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| 8. | If an expansion path forms a straight line from the origin, the production technology is considered homothetic ( or homoethetic ).
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| 9. | This translates to a linear expansion path in wealth : the slope of indifference curves is constant along rays beginning at the origin.
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| 10. | A producer seeking to produce the most units of a product in the cheapest possible way attempts to increase production along the expansion path.
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