Google
Saturday 
March 2, 2024 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
LAGGING ECONOMIC INDICATOR: One of seven economic statistics that tend to move up or down a few months after the expansions and contractions of the business cycle. These statistics paint a pretty clear picture of what the economy was doing a few months back. Lagging economic indicators lag the turning points of the aggregate economy by 3-12 months. After a contraction begins, lagging indicators decline 3 to 12 months later. And 3 to 12 months after a expansion begins, lagging indicators rise.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

Lesson 10: Utility and Demand | Unit 1: The Set Up Page: 3 of 21

Topic: Choices <=PAGE BACK | PAGE NEXT=>

  • Buying decisions, as well as those involving other activities, involving a comparison of the benefits with the costs.
    1. The benefits primarily include the satisfaction or utility derived from consuming the good or undertaking the activity.
    2. The costs include, but are not limited to, the price of the good (plus taxes and handling fees) and the utility foregone from other goods NOT consumed.

  • Other non-traditional areas of inquiry have proven fruitful:
    • Elections
    • Crime
    • Household Production

Course Home | Lesson Menu | Page Back | Page Next

LOSS MINIMIZATION RULE

A rule stating that a firm minimizes economic loss by producing output in the short run that equates marginal revenue and marginal cost if price is less than average total cost but greater than average variable cost. This is one of three short-run production alternatives facing a firm. The other two are profit maximization (if price exceeds average total cost) and shutdown (if price is less than average variable cost).

Complete Entry | Visit the WEB*pedia


APLS

RED AGGRESSERINE
[What's This?]

Today, you are likely to spend a great deal of time looking for a downtown retail store looking to buy either storage boxes for your income tax returns or an AC adapter for your CD player. Be on the lookout for cardboard boxes.
Your Complete Scope

This isn't me! What am I?

More money is spent on gardening than on any other hobby.
"Success is liking yourself, liking what you do, and liking how you do it."

-- Maya Angelou, Poet and Author

NLREG
Nonlinear Statistical Regression
A PEDestrian's Guide
Xtra Credit
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

User Feedback



| AmosWEB | WEB*pedia | GLOSS*arama | ECON*world | CLASS*portal | QUIZ*tastic | PED Guide | Xtra Credit | eTutor | A*PLS |
| About Us | Terms of Use | Privacy Statement |

Thanks for visiting AmosWEB
Copyright ©2000-2024 AmosWEB*LLC
Send comments or questions to: WebMaster