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YIELD TO MATURITY: The annual rate of return on a financial asset that is held until maturity. Yield to maturity depends on both the coupon rate and the face or par value paid at maturity. If the selling price of a financial asset is equal to its par value, then the yield to maturity is equal to the current yield and the coupon rate. However, if the asset is selling at a discount, then the yield to maturity exceeds the current yield, which is greater than the coupon rate. And if the asset is selling at a premium, then the yield to maturity is less than the current yield, which is below than the coupon rate.
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Lesson 23: Factor Market Equilibrium | Unit 5: Bilateral Monopoly
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Page: 22 of 24
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Topic:
Four Marginal Curves
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- The two sides of the factor market for labor services have decided to negotiate a factor price.
- Four curves are contained in the diagram.
- Marginal Revenue Product and Demand
- Marginal Revenue
- The MRP curve is based on the revenue received by the the firm when it hires labor to produce resort services.
- The MR curve thus represents the additional revenue received by the monopoly union for selling additional unions of its output, which is labor services.
- Marginal Cost and Supply
- Marginal Factor Cost
- The MC curve is based on the cost incurred by the union when sells labor to the firm.
- The MFC curve thus represents the additional cost incurred received by the monopsony resort for buying additional units of labor services.
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PERFECT COMPETITION, LONG-RUN PRODUCTION ANALYSIS In the long run, a perfectly competitive firm adjusts plant size, or the quantity of capital, to maximize long-run profit. In addition, the entry and exit of firms into and out of a perfectly competitive market guarantees that each perfectly competitive firm earns nothing more or less than a normal profit. As a perfectly competitive industry reacts to changes in demand, it traces out positive, negative, or horizontal long-run supply curve due to increasing, decreasing, or constant cost.
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BROWN PRAGMATOX
[What's This?]
Today, you are likely to spend a great deal of time searching for rummage sales seeking to buy either a package of 4 by 6 index cards, the ones with lines or a 50 foot extension cord. Be on the lookout for deranged pelicans.
Your Complete Scope
This isn't me! What am I?
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A half gallon milk jug holds about $50 in pennies.
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"The past cannot be changed. The future is yet in your power. " -- Hugh White, U.S. Senator
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SELA
Latin American Economic System
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