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MARGIN REQUIREMENT: The fraction of the purchase price of financial investments, like stocks and bonds, that the buyer must pay for in cash. The remaining part of the purchase price can thus be financed with credit.

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AVERAGE FACTOR COST AND MARGINAL FACTOR COST

A mathematical connection between average factor cost and marginal factor cost stating that the change in the average factor cost depends on a comparison between average factor cost and marginal factor cost. For perfect competition, with no market control, marginal factor cost is equal to average factor cost, and average factor cost does not change. For monopsony and other firms with market control, marginal factor cost is greater than average factor cost, and average factor cost rises.

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Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors hoping to buy either a birthday gift for your mother or a weathervane with a horse on top. Be on the lookout for broken fingernail clippers.
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Francis Bacon (1561-1626), a champion of the scientific method, died when he caught a severe cold while attempting to preserve a chicken by filling it with snow.
"Do not go where the path may lead, go instead where there is no path and leave a trail."

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