Google
Wednesday 
January 17, 2018 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
NONBANK PUBLIC: Everyone in the economy except banks and government banking authorities. The nonbank public includes consumers, businesses, and most government entities. The designation of nonbank public is most important for the money supply. In particular, the currency component of the money supply is that held by the nonbank public. This is the currency that his actually in circulation and which can be used to purchase goods and services. Banks and government banking authorities also hold currency. The currency held by bank is termed vault cash. Government banking entities, such as Federal Reserve Banks of the U.S. Treasury Department also hold uncirculated currency in inventory.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

Lesson 3: Scarcity | Unit 4: College Cost Page: 14 of 17

Topic: Summary <=PAGE BACK | PAGE NEXT=>

  • The opportunity cost of a college education.
  • Why explicit, out-of-pocket payments are only part of the opportunity cost of an education.
  • The importance of implicit opportunity costs, such as foregone earnings or foregone satisfaction, to the total cost of an education.
  • Why some college costs, such as room and board, are not opportunity costs or an education.

Course Home | Lesson Menu | Page Back | Page Next

AVERAGE REVENUE CURVE

A curve that graphically represents the relation between average revenue received by a firm for selling its output and the quantity of output sold. Because average revenue is essentially the price of a good, the average revenue curve is also the demand curve for a firm's output. The average revenue curve for a firm with no market control is horizontal. The average revenue curve for a firm with market control is negatively sloped.

Complete Entry | Visit the WEB*pedia


APLS

BROWN PRAGMATOX
[What's This?]

Today, you are likely to spend a great deal of time surfing the Internet looking to buy either a how-to book on the art of negotiation or a flower arrangement for your aunt. Be on the lookout for the last item on a shelf.
Your Complete Scope

This isn't me! What am I?

Only 1% of the U.S. population paid income taxes when the income tax was established in 1914.
"Being defeated is only a temporary condition; giving up is what makes it permanent."

-- Marilyn vos Savant, Author

MPS
Marginal Propensity to Save
A PEDestrian's Guide
Xtra Credit
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

User Feedback



| AmosWEB | WEB*pedia | GLOSS*arama | ECON*world | CLASS*portal | QUIZ*tastic | PED Guide | Xtra Credit | eTutor | A*PLS |
| About Us | Terms of Use | Privacy Statement |

Thanks for visiting AmosWEB
Copyright ©2000-2018 AmosWEB*LLC
Send comments or questions to: WebMaster