price function
1Price point — Price points are prices at which demand is relatively high. In introductory microeconomics, a demand curve is downward sloping to the right and either linear or gently convex to the origin. The first is usually true, but the second is only… …
2Function cost analysis — (FСА) (sometimes named function value analysis (FVA)) is the a method of technical and economic research of the systems for purpose to optimize a parity between system s (as product or service) consumer functions or properties (also known as… …
3Price elasticity of demand — Not to be confused with Price elasticity of supply. PED is derived from the percentage change in quantity (%ΔQd) and percentage change in price (%ΔP). Price elasticity of demand (PED or Ed) is a measure used in economics to show the… …
4Price of anarchy — The price of anarchy is a concept from game theory that describes the difference in maximum social utility and the utility of an equilibrium point of the game.DefinitionGiven a game G=(N,A,u), it is natural to consider the social welfare , i.e.… …
5price system — ▪ economics Introduction a means of organizing economic activity. It does this primarily by coordinating the decisions of consumers, producers, and owners of productive resources. Millions of economic agents who have no direct communication …
6function — /fungk sheuhn/, n. 1. the kind of action or activity proper to a person, thing, or institution; the purpose for which something is designed or exists; role. 2. any ceremonious public or social gathering or occasion. 3. a factor related to or… …
7Price — For the surname, see Price (surname). For other uses, see Price (disambiguation). Contents 1 Definition 2 Economic Definition 3 …
8function — ▪ I. function func‧tion 1 [ˈfʌŋkʆn] noun 1. [countable] the purpose for which something is made or used, or the job that someone does; =role: • The main function of a cash machine is to provide people with cash when the bank is shut. • He was… …
9price — priceable, adj. /pruys/, n., v., priced, pricing. n. 1. the sum or amount of money or its equivalent for which anything is bought, sold, or offered for sale. 2. a sum offered for the capture of a person alive or dead: The authorities put a price… …
10Price — /pruys/, n. 1. Bruce, 1845 1903, U.S. architect. 2. (Edward) Reynolds, born 1933, U.S. novelist. 3. (Mary) Leontyne /lee euhn teen /, born 1927, U.S. soprano. 4. a male given name. * * * I Amount of money that has to be paid to acquire a given… …
