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REGULATORY POLICY: Government policy based on government's ability to pass laws and enact regulations.

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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.

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BLUE PLACIDOLA
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Today, you are likely to spend a great deal of time calling an endless list of 800 numbers wanting to buy either a set of tires or a birthday gift for your grandfather. Be on the lookout for malfunctioning pocket calculators.
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A half gallon milk jug holds about $50 in pennies.
"A pint of sweat saves a gallon of blood. "

-- General George Patton

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