Wednesday  April 17, 2024
 AmosWEB means Economics with a Touch of Whimsy!
 ZERO SLOPE: A horizontal line in which the numerical value of the slope, calculated as the change in the variable on the vertical axis divided by a change in the variable on the horizontal axis, is zero. In other words, the Y-axis variable is fixed, or constant, for any and all values of the X-axis variable.
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CURRENT YIELD: The yield or return on a financial asset calculated as the annual rate of return on the purchase price. The current yield is not necessarily equal to the yield to maturity or the coupon rate. For example a \$100,000 corporate bond with a 5% coupon rate that is purchased at a discount of \$95,000 has a current yield of 5.26%.

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CURRENT YIELD, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: April 17, 2024].

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MARGINAL FACTOR COST

The change in total factor cost resulting from a change in the quantity of factor input employed by a firm. Marginal factor cost, abbreviated MFC, indicates how total factor cost changes with the employment of one more input. It is found by dividing the change in total factor cost by the change in the quantity of input used. Marginal factor cost is compared with marginal revenue product to identify the profit-maximizing quantity of input to hire.

 YELLOW CHIPPEROON[What's This?] Today, you are likely to spend a great deal of time lost in your local discount super center hoping to buy either hand lotion, a big bottle of hand lotion or a lighted magnifying glass. Be on the lookout for door-to-door salesmen.Your Complete Scope
 On a typical day, the United States Mint produces over \$1 million worth of dimes.
 "The best way to cheer yourself up is to try to cheer somebody else up."-- Mark Twain
 AVCAverage Variable Cost
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