Αποτελέσματα Αναζήτησης
This is the vocab for chapter 7. Learn with flashcards, games, and more — for free.
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Technical Substitutes. two inputs can be substitutes for one another in the production of a specific product. Study with Quizlet and memorize flashcards containing terms like Isoquant, Marginal Rate of Technical Substitution (MRTS), Rental Rate of Capital and more.
Input. Define these terms: data, software, and command. Give an example of a user response. Data - A collection of unprocessed items, including text, numbers, images, audio and video. Instructions that a computer or mobile device processes can be in the form of software (programs and apps), commands, and user responses.
These are all part of what an economist would describe as the education production function: the set of inputs (teachers, students, supplies, and infrastructure) that are combined by education systems to produce an output, educated children.
Accounting profit is a cash concept. It means total revenue minus explicit costs—the difference between dollars brought in and dollars paid out. Economic profit is total revenue minus total cost, including both explicit and implicit costs.
1.1 What Is Economics, and Why Is It Important? 1.2 Microeconomics and Macroeconomics; 1.3 How Economists Use Theories and Models to Understand Economic Issues; 1.4 How To Organize Economies: An Overview of Economic Systems; Key Terms; Key Concepts and Summary; Self-Check Questions; Review Questions; Critical Thinking Questions
Most smartphones have a ______. Today's computer keyboard was named after Sir Wesley Reginald Qwerty, inventor of the typewriter. Georgette wants a cool keyboard that can be displayed on any flat surface. Mohammad wants a keyboard that minimizes the likelihood of contracting carpel tunnel syndrome.
