marginal supply
41utility and value — ▪ economics Introduction in economics, the determination of the prices of goods and services. The modern industrial economy is characterized by a high degree of interdependence of its parts. The supplier of components or raw materials …
42Externality — External redirects here. For other uses, see External (disambiguation). In economics, an externality (or transaction spillover) is a cost or benefit, not transmitted through prices,[1] incurred by a party who did not agree to the action causing… …
43Artery — A vessel that carries blood that is high in oxygen content away from the heart to the farthest reaches of the body. Since blood in arteries is usually full of oxygen, the hemoglobin in the red blood cells is oxygenated. The resultant form of… …
44Dual-sector model — This article is about the economic model. For the diagram representing atomic bonding, see Lewis structure. Sir W. Arthur Lewis Sir William Arthur Lewis, official Nobel Prize photo …
45ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …
46Profit (economics) — In economics, the term profit has two related but distinct meanings. Normal profit represents the total opportunity costs (both explicit and implicit) of a venture to an entrepreneur or investor, whilst economic profit (also abnormal, pure,… …
47North America — North American. the northern continent of the Western Hemisphere, extending from Central America to the Arctic Ocean. Highest point, Mt. McKinley, 20,300 ft. (6187 m); lowest, Death Valley, 276 ft. (84 m) below sea level. 400,000,000 including… …
48Criticisms of the labour theory of value — often arise from an economic criticism of Marxism. Contents 1 Microeconomic theory 2 Supply and demand 3 Jevons 4 Menger s critique …
49Average cost — In economics, average cost is equal to total cost divided by the number of goods produced (the output quantity, Q). It is also equal to the sum of average variable costs (total variable costs divided by Q) plus average fixed costs (total fixed… …
50Intermittent power source — [ Erie Shores Wind Farm monthly output over a two year period] An intermittent power source is a source of electric power generation that may be uncontrollably variable or more intermittent than conventional power sources, and therefore non… …
