|
|
PER UNIT TAX: A tax that is specified as a fixed amount for each unit of a good sold. Federal excise taxes on gasoline and cigarettes fall into this per unit tax category.
Visit the GLOSS*arama
|
|
|
|
|
MARGINAL UTILITY-PRICE RATIO The ratio of the marginal utility obtained from consuming a good to the price of the good. This ratio is particularly important in determining consumer equilibrium, which is reached when the marginal utility-price ratios are the same for all goods. Equality between all marginal utility-price ratios is the rule of consumer equilibrium which is satisfied with utility maximization.
Complete Entry | Visit the WEB*pedia |
|
|
|
Lombard Street is London's equivalent of New York's Wall Street.
|
|
|
"Gravitation can not be held responsible for people falling in love." -- Albert Einstein
|
|
AMW
Average Monthly Wage
|
|
|
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
|
|
