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September 25, 2023 

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AMEX: The common abbreviation for the American Stock Exchange, which is one of three national stock markets in the United States (see National Association of Securities Dealers and New York Stock Exchange) that trade ownership shares in corporations. In terms of daily stock transactions and the number of stocks listed, the American Stock Exchange is the smallest of these three. However, it's composite index of stock prices -- AMEX is considered important enough to be flashed briefly on the nightly news.

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AVERAGE PRODUCT: The quantity of total output produced per unit of a variable input, holding all other inputs fixed. It is found by dividing total product by the quantity of the variable input. Average product, abbreviated AP also goes by the alias of average physical product (APP), so don't be confused by the extra term (physical). Compare this term with marginal product and average revenue product when you have a chance. If you haven't yet come across the term, then you really should spend some time with the law of diminishing marginal returns. The average-marginal rule is also worth a look.

     See also | total product | variable input | fixed input | average physical product | average revenue product | total revenue | marginal productivity theory | factor markets | marginal physical product | marginal physical product | marginal revenue product | law of diminishing marginal returns |


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AVERAGE PRODUCT, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2023. [Accessed: September 25, 2023].


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MICROECONOMIC GOALS

Two conditions of the mixed economy that are most important for microeconomics, including efficiency, and equity, that are generally desired by society and pursued by governments through economic policies.

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Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors wanting to buy either an AC adapter for your CD player or storage boxes for your family photos. Be on the lookout for the happiest person in the room.
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A thousand years before metal coins were developed, clay tablet "checks" were used as money by the Babylonians.
"If I'm selecting a group, the first thing I look for is a record of achievement . . . If (candidates achieve) in small things, there's a very good chance they'll perform well in big things. "

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