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QUANTITY SUPPLIED: The specific (maximum) quantity of a good or service that sellers are willing and able to sell at a specific supply price. The emphasis here is on specific. Quantity supplied and supply price form a specific pair of numbers.
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MARGINAL COST OF SEARCH The incremental cost incurred by additional search effort is the marginal cost of search. Marginal cost of search, also termed marginal search cost, is comparable to marginal cost of short-run production analysis. Marginal cost of search increases with an increase in search effort and is represented by the marginal cost of search curve. This is one half of the efficient information search decision. The other is marginal benefit of search.
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BROWN PRAGMATOX [What's This?]
Today, you are likely to spend a great deal of time surfing the Internet trying to buy either a birthday greeting card for your aunt or a wall poster commemorating the moon landing. Be on the lookout for the happiest person in the room. Your Complete Scope
This isn't me! What am I?
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Mark Twain said "I wonder how much it would take to buy soap buble if there was only one in the world."
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"Ships are safe in harbor. But that is not what ships are for." -- Anonymous
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IRPP Institute for Research on Public Policy
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