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DEMAND SCHEDULE: A table that illustrates the alternative quantities of a commodity demanded at different prices.
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SHUTDOWN RULE A rule stating that a firm minimizes economic loss by producing no output in the short run if price is less than average variable cost. This is one of three short-run production alternatives facing a firm. The other two are profit maximization (if price exceeds average total cost) and loss minimization (if price is less than average total cost but greater than average variable cost).
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BLACK DISMALAPOD
[What's This?]
Today, you are likely to spend a great deal of time at a going out of business sale wanting to buy either a large, stuffed giraffe or a birthday greeting card for your aunt. Be on the lookout for malfunctioning pocket calculators.
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This isn't me! What am I?
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The average bank teller loses about $250 every year.
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"We may affirm absolutely that nothing great in the world has been accomplished without passion." -- Hegel
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ICSID
International Center for the Settlement of Investment Disputes
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