A microlens is a small lens, generally with a diameter less than a millimetre (mm) and often as small as 10 micrometres (Âµm). The small sizes of the lenses means that a simple design can give good optical quality but sometimes unwanted effects arise due to optical diffraction at the small features. A typical microlens may be a single element with one plane surface and one spherical convex surface to refract the light.
Definition of PRODUCTION CURVE. : a curve plotted to show the relation between quantities produced during definite consecutive time intervals.ADVERTISEMENT.his word doesn't usually appear in our free dictionary, but the definition from our premium Unabridged Dictionary is offered here on a limited basis.
Moving along the production possibilities curve, the slope becomes steeper (that is, the absolute value of the slope increases), reaching a value of -200 (an absolute value of 200) between points J and K. This reflects the law of increasing opportunity cost and results in the convex shape for the production possibilities curve. Three Curves Three alternatives help to illustrate the connection between opportunity cost and the shape of the production possibilities curve. 1  Convex: Increasing Cost (Click the [Convex] button): This is the standard convex production possibilities curve with increasing opportunity cost. Because it best reflects the economy, it is the one most commonly seen throughout the study of economics. In this case the economy foregoes increasing amounts of one good when producing more of the other.