Saturday  September 7, 2024
 AmosWEB means Economics with a Touch of Whimsy!
 APP: The abbreviation of average physical product, which is the quantity of total output produced per unit of a variable input, holding all other inputs fixed. Average physical product, usually abbreviated APP, is found by dividing total physical product by the quantity of the variable input. Average physical product is actually just another name for average product (AP). But don't be confused by the extra term (physical).
 Most Viewed (Number) production stages (399)factor payments (296)limited resources (181)unemployment, production possibilities (171)unlimited wants and needs (162) Visit the WEB*pedia

 Lesson Contents Unit 1: Selling Basics The Concept Supply Price Quantity Supplied Unit 1 Summary Unit 2: Law of Supply Definition Production Cost Unit 2 Summary Unit 3: Supply Curve Schedule Curve Space Unit 3 Summary Unit 4: Determinants Ceteris Paribus Factors Shifters: Increase Shifters: Decrease Types Ch..Ch..Changes Unit 4 Summary Unit 5: Scarcity Limited Resources Unit 5 Summary Unit 6: Unit 6 Summary Course Home
Supply

This supply lesson provides an introduction into selling a wide range of goods. In fact, this supply topic does more than offer insight into selling behavior. It's also the second half of the market analysis -- the first half being demand. And to reiterate what I noted during the demand lesson, market analysis is one of the most widely used tools in the study of economics that can be used to explain a lot of economic phenomenon. Of course to use markets, we need both demand and supply. And supply part is our current lesson.

• The first unit of this lesson introduces the basic concept of supply and a few related terms such as supply price and quantity supplied.
• In the second unit then we move into a discussion of the law of supply, which captures the basic relation between supply price and quantity supplied.
• The third unit then develops the supply curve, which is the graphical embodiment of the supply concept.
• Moving onto the fourth unit, we examine how the five basic supply determinants cause the supply curve to shift from one location to another.
• And in the fifth and final unit, we make a connection between supply and the limited resources part of scarcity.

|

AUTONOMOUS NET EXPORTS

Net exports by the foreign sector that do not depend on income or production (especially national income or gross domestic product). That is, changes in income do not generate changes in net exports. Autonomous net exports are best thought of as net exports that the foreign sector undertakes independent of income. They are measured by the intercept term of the net exports line. The alternative to autonomous net exports is induced net exports, which do depend on income.

 RED AGGRESSERINE[What's This?] Today, you are likely to spend a great deal of time flipping through mail order catalogs looking to buy either storage boxes for your summer clothes or 500 feet of coaxial cable. Be on the lookout for florescent light bulbs that hum folk songs from the sixties.Your Complete Scope
 A communal society, a prime component of Karl Marx's communist philosophy, was advocated by the Greek philosophy Plato.
 "In a time of drastic change, it is the learners who inherit the future. "-- Eric Hoffer, philosopher
 TNVTotal Net Value
 Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

| | | | | | | | | | |
| | | |

Thanks for visiting AmosWEB