|
|
C CORPORATION: The term used for a standard corporation to distinguish it from the new S corporation. As such, it is established as a separate legal entity, sells ownership shares, and owners have limited liability. The difference is that a C corporation is subject to double taxation but an S corporation is not.
Visit the GLOSS*arama
|
|
|
|
|
Lesson 9: Consumer Demand | Unit 4: The Curves
|
Page: 18 of 22
|
- A method of graphing the marginal utility curve is to derive it directly from the total utility curve.
- This method is based on an interesting and useful relation between totals and marginals that surfaces time and time again in the study of economics, what we can term the total-marginal relation.
- The total-marginal relation is that the marginal value of a variable is equal to the slope of the curve for the corresponding total value of a variable.
- For our immediate discussion of marginal utility, this means that marginal utility is the slope of the total utility curve.
|
|
|
|
|
|
|
CONSUMPTION The use of resources, goods, or services to satisfy wants and needs. At the macroeconomic level, consumption is reflected as expenditures by the household sector on gross domestic product. At the microeconomic level, consumption is important to utility, demand, and market exchanges. Consumption is the ultimate goal of economic activity.
Complete Entry | Visit the WEB*pedia |
|
|
WHITE GULLIBON
[What's This?]
Today, you are likely to spend a great deal of time wandering around the downtown area looking to buy either a coffee cup commemorating next Thursday or a replacement remote control for your stereo system. Be on the lookout for jovial bank tellers.
Your Complete Scope
This isn't me! What am I?
|
|
|
Two and a half gallons of oil are needed to produce one automobile tire.
|
|
|
"The best way to cheer yourself up is to try to cheer somebody else up." -- Mark Twain
|
|
FRS
Federal Reserve System
|
|
|
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
|
|
