Terms YO!
Cost and Such
Graphs
Examples and Terms
Movie Quotes
100
an electronic business conducted over the Internet
What is e-commerce
100
the costs that an organziation incurs even if there is little or no activity.
What is Fixed Cost
100
a graph showing the various quantities supplied at all possible prices that might prevail in the market at any given time.
What is Supply Curve
100
total fixed cost
What is overhead
100
Dale: What are you doing? Brennan: I'm burying you! Dale: My dad will wonder where I am.
What is StepBrothers
200
principle that more will be offered for sale at higher prices than at lower prices
What is Law of Supply
200
period so brief that only the amount of the variable input can be changed.
What is Short Run
200
a graph that shows the various amounts offeredby all firms over a range of possible prices
What is Market Supply Curve
200
Example:RENT
What is fixed cost
200
Walter Stratford: Hello, Katarina. Make anyone cry today? Kat Stratford: Sadly, no. But it's only 4:30.
What is 10 Things I Hate About You
300
a measure of how the quantity supplied responds to a change in price.
What is Supply Elasticity
300
costs that change when the business's rate of operation or output changes.
What is Variable Cost
300
appears when the supply curve has shifted to the right
What is Increase
300
the total output produced by the firm
What is Total Product
300
B:You like me? You are my friend? Driving Instructor: Yes, I am your friend. B: You be my boyfriend? Driving Instructor: No, I'm not your boyfriend... okay, yeah, I guess I can be your boyfriend.
What is BORAT!
400
is reached when marginal cost (MC) and marginal revenue (MR) are equal
What is Profit-maximizing quantity of output
400
production, which is the sum of the fiexed and variable costs.
What is Total Cost
400
appears when supply curve has shifted to the left
What is Decrease
400
this happens to supply when government subsidies are removed
What is supply of a product decreases
400
I wanna thank little baby Jesus, who's sittin' in his crib watchin the Baby Einstein videos, learnin' 'bout shapes and colors.
What is Talladega Nights
500
rate of increase in total production is starting to slow down, the firm is operating
What is Stage II of production
500
the extra cosy incurred when producing one more unit of output
What is Marginal Cost
500
This is the market supply of softballs be 1,500 Hint: it's a price amount Daily Double***
What is $9
500
according to this supply curve, 400 t-shirts will be supplied at this price.
What is $12
500
Jeremy Grey: Okay, what's our back story? John Beckwith: We're brothers from New Hampshire. We're venture capitalists. Jeremy Grey: I'm sick of that. Let's be from Vermont. And let's have an emerging maple syrup conglomerate. John Beckwith: Wait, that's stupid. We don't know anything about maple syrup. Jeremy Grey: I happen to know everything there is to know about maple syrup! I love maple syrup. I love maple syrup on pancakes. I love it on pizza. And I take maple syrup and put a little bit in my hair when I've had a rough week. What do you think holds it up, slick?
What is Wedding Crashers
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