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What color is the sky in your world?
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LONG-RUN EQUILIBRIUM CONDITIONS: The long-run equilibrium of perfectly competitive industry generates six specific equilibrium conditions, including (1) economic efficiency (P = MC), (2) profit maximization (MR = MC), (3) perfect competition (MR = AR = P), (4) breakeven output (P = AR = ATC), (5) minimum production cost (MC = ATC), and (6) minimum efficient scale (MC = ATC = LRAC = LRMC).
Visit the GLOSS*arama
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                           There are 108 entries in the WEB*pedia starting with the letter P. Entries 1 through 35: - paper economy
- paradox of thrift
- part-time workers
- partnership
- paternalism
- payment flow
- peak
- per unit tax
- perfect competition
- perfect competition, characteristics
- perfect competition, demand
- perfect competition, efficiency
- perfect competition, factor market analysis
- perfect competition, long-run adjustment
- perfect competition, long-run equilibrium conditions
- perfect competition, long-run production analysis
- perfect competition, loss minimization
- perfect competition, marginal analysis
- perfect competition, profit analysis
- perfect competition, profit maximization
- perfect competition, realism
- perfect competition, revenue division
- perfect competition, short-run production analysis
- perfect competition, short-run supply curve
- perfect competition, shutdown
- perfect competition, total analysis
- perfectly elastic
- perfectly inelastic
- personal consumption expenditures
- personal income
- personal income and national income
- personal tax and nontax payments
- personal taxes
- phenomenon
- physical flow
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Paying TAXESThe time has come to take a firm stand! The Shady Valley Gazette Tribune-Journal has published an inflammatory editorial calling for a "pedestrian" tax on anyone who ambles around the economy. This tax, as every pedestrian would surely agree, is misguided and short-sighted. It's also unfair and probably unconstitutional. How DARE the editors of the Shady Valley Gazette Tribune-Journal call for a "pedestrian" tax. Sure they argue that ambling pedestrians should help pay for the sidewalks, traffic signals, and other assorted public goods. But, it's certainly not in MY best interest as a pedestrian to pay this misguided, short-sighted, unfair, and probably unconstitutional tax.
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Visit the PEDestrian's Guide
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State of the ECONOMY
Business Inventories
June 2010
$1,359.9 billion
Up 0.3% from May 2010: Econ. Stat. Admin.
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YELLOW CHIPPEROON
[What's This?]
Today, you are likely to spend a great deal of time at a garage sale hoping to buy either a genuine down-filled comforter or a 200-foot blue garden hose. Be on the lookout for letters from the Internal Revenue Service.
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This isn't me! What am I?
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"The majority of men meet with failure because of their lack of persistence in creating new plans to take the place of those that fail. " -- Napoleon Hill, author
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SDR
Special Drawing Right
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