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November 21, 2014 

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INCOME STATEMENT: A statement of the revenues, expenditures, and profit for a business, household, or government entity over a given period of time. An income statement also goes by the names profit and loss statement, earnings report, and operating statement. This is one of two key financial statements for an entity. The other is a balance sheet, which is a statement of assets, liabilities, and net worth at a given point in time.

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MARGINAL REVENUE, MONOPOLISTIC COMPETITION

The change in total revenue resulting from a change in the quantity of output sold. Marginal revenue indicates how much extra revenue a monopolistically competitive firm receives for selling an extra unit of output. It is found by dividing the change in total revenue by the change in the quantity of output. Marginal revenue is the slope of the total revenue curve and is one of two revenue concepts derived from total revenue. The other is average revenue. To maximize profit, a monopolistically competitive firm equates marginal revenue and marginal cost.

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APLS

State of the ECONOMY

U.S. Exports
September 2014
$195.6 billion
Down 1.5% from Aug. 2014: Econ. Stat. Admin.

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YELLOW CHIPPEROON
[What's This?]

Today, you are likely to spend a great deal of time at the confiscated property police auction hoping to buy either a large red and white striped beach towel or a bottle of blackcherry flavored spring water. Be on the lookout for infected paper cuts.
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This isn't me! What am I?

Rosemary, long associated with remembrance, was worn as wreaths by students in ancient Greece during exams.
"A people that values its privileges above its principles soon loses both. "

-- Dwight Eisenhower, 34th US president

DPI
Disposable Personal Income
A PEDestrian's Guide
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