Google
Sunday 
July 14, 2024 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
NATIONAL CREDIT UNION ADMINISTRATION: The Federal government entity responsible for chartering and regulating credit unions. It plays a similar role for credit unions that the Comptroller of the Currency and the Federal Home Loan Bank have historically played for banks and savings and loan associations.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

Lesson 22: Factor Supply | Unit 3: Factor Supply Page: 16 of 25

Topic: Supply Curves Times Two <=PAGE BACK | PAGE NEXT=>

  • Market control on the buying side of factor markets means that firms can face one of two types of supply curves for the factors their employ:

  • Perfect Competition: If we're looking for a buyer with absolutely no market control, then we are looking for perfect competition.

  • Monopsony, Oligopsony, and Monopsonistic Competition: If we're looking for a buyer with market control, then we can choose among monopsony, oligopsony, and monopsonistic competition.

  • The relative elasticity of this curve depends, of course, on the market control of the buying firm.


Course Home | Lesson Menu | Page Back | Page Next

PLANNING HORIZON

Another term for the long-run average cost curve. The long-run average cost curve is termed the planning horizon or planning curve because it provides information that a firm can use to plan factory construction and expansion in the long run.

Complete Entry | Visit the WEB*pedia


APLS

BLACK DISMALAPOD
[What's This?]

Today, you are likely to spend a great deal of time watching infomercials seeking to buy either an electric coffee pot with automatic shutoff or a brown leather attache case. Be on the lookout for crowded shopping malls.
Your Complete Scope

This isn't me! What am I?

Sixty percent of big-firm executives said the cover letter is as important or more important than the resume itself when you're looking for a new job
"The time to repair the roof is when the sun is shining."

-- John F. Kennedy, 35th U. S. president

NCUA
National Credit Union Administration
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