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Today's
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269.2
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| When your
printer crashes five minutes before a critical,
pass-the-class, term paper is due, you:
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| LAW OF
DIMINISHING MARGINAL UTILITY: The principle
stating that as more of a good is consumed,
eventually each additional unit of the good
provides less additional utility--that is,
marginal utility decreases. Each subsequent unit
of a good is valued less than the previous one.
The law of diminishing marginal utility helps
explain the negative slope of the demand curve and
the law of demand.
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the GLOSS*arama
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AVERAGE REVENUE
The revenue received for selling a good per unit of
output sold, found by dividing total revenue by the
quantity of output. Average revenue often goes by a
simpler and more widely used term... price. Using the
longer term average revenue rather than price provides a
connection to other related terms, especially total
revenue and marginal revenue. When compared with average
cost, average revenue indicates the amount of profit
generated per unit of output produced. Average revenue
is often depicted by an average revenue curve.
Complete
Entry | Visit
the WEB*pedia |
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 A Somewhat
Defective Look At PRODUCT SAFETY
WAIT! STOP! My shoe's untied! And my blasted
shoestring is tangled! Fortunately I have my handy
OmniStraight shoestring straightener, a product
developed by a team of former NASA scientists that's
designed to straighten and untangle even the most
convoluted shoestrings. OOPS! You might want to continue
your pedestrian journey without me. It seems as though
my handy OmniStraight shoestring straightener has
inadvertently dissected my shoestring, mangled the upper
half of my jogging shoe, and introduced several gashes
to the top of my foot. As I faint face-first onto the
sidewalk from the loss of blood, you can consider some
of the ins and outs of my predicament.
Tell
me more...
Visit
the PEDestrian's Guide |
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| State of the ECONOMY
Average weekly
earnings
Apr 2006
$565.45
up 0.4% from Apr 2005
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Stats |
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WHITE
GULLIBON
[What's
This?]
Today, you are likely to spend a great deal of time
searching for rummage sales hoping to buy either a
coffee cup commemorating last Friday (you know why) or a
wall poster commemorating the first day of spring. Be on
the lookout for infected paper cuts.
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