When most people think of vegetarians, they think of lacto-ovo-vegetarians. People who do not eat beef, pork, poultry, fish, shellfish or animal flesh of any kind, but do eat eggs and dairy products are lacto-ovo vegetarians (âlactoâ comes from the Latin for milk, and âovoâ for egg). Lacto-vegetarian is used to describe a type of vegetarian who does not eat eggs but does eat dairy products.
The consumption possibility curve can be called as consumption possibility line, boundary, frontier, and schedule. It is a graphical representation of the consumption possibilities and it is usually a straight line with a negative slope. different prices, given that the purchaser has a fixed amount of money to spend.
Points inside the curve imply that the economy could have more goods if it achieved full employment and productive efficiency. Points lying outside of the production possibilities curve would represent a greater output than the output at any point on the curve. Such points, however, are unatÂ­tainable with the current supplies of resources and technology. Law of Increasing Opportunity Cost