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 HOSTILE TAKEOVER: In the world of mergers, the acquisition of one company by another against the wishes of the company being acquired. Also termed a hostile acquisition, this is accomplished by purchasing controlling interest in the stock of the acquired company, usually by offering to pay a price exceeding the current market price. A hostile takeover might be motivated to eliminate competition, to sell off the assets of the company for more that the takeover payment, or to temporarily inflate the price of the stock.
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 Lesson 11: Elasticity Basics | Unit 3: Measurement Page: 15 of 25

 Topic: Unit Review <=PAGE BACK | PAGE NEXT=>

In this unit, you should have learned about:
• The two types of elasticity measurements -- arc elasticity for discrete changes and point elasticity for infinitesimally small changes.
• The coefficient of elasticity used to quantify the elasticity concept.
• The endpoint formula for calculating the coefficient of elasticity.
• The midpoint formula for calculating the coefficient of elasticity.
• How the coefficient of elasticity differs using the endpoint and midpoint formulas.

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AVERAGE REVENUE PRODUCT

Total revenue generated per unit of a variable input, keeping all other inputs unchanged. Average revenue product, usually abbreviated ARP, is found by dividing total revenue by the variable input or by multiplying average physical product by average revenue. Average revenue product is a part of marginal productivity theory used to analyze the demand for productive inputs.

 ORANGE REBELOON[What's This?] Today, you are likely to spend a great deal of time going from convenience store to convenience store hoping to buy either a how-to book on home repairs or a large, stuffed kitty cat. Be on the lookout for slightly overweight pizza delivery guys.Your Complete Scope
 A thousand years before metal coins were developed, clay tablet "checks" were used as money by the Babylonians.
 "Life is a promise; fulfill it. "-- Mother Teresa, humanitarian
 TFPotal Factor Productivity
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