×

×

Textbooks / Business / FINANCIAL CALCULATOR

# FINANCIAL CALCULATOR Solutions

## Do I need to buy FINANCIAL CALCULATOR to pass the class?

ISBN: 281000000886B

FINANCIAL CALCULATOR - Solutions by Chapter

Do I need to buy this book?
1 Review

74% of students who have bought this book said that they did not need the hard copy to pass the class. Were they right? Add what you think:

## FINANCIAL CALCULATOR Student Assesment

Leonel from Colorado State University said

"If I knew then what I knew now I would not have bought the book. It was over priced and My professor only used it a few times."

##### ISBN: 281000000886B

Since problems from 0 chapters in FINANCIAL CALCULATOR have been answered, more than 200 students have viewed full step-by-step answer. FINANCIAL CALCULATOR was written by and is associated to the ISBN: 281000000886B. The full step-by-step solution to problem in FINANCIAL CALCULATOR were answered by , our top Business solution expert on 10/03/18, 06:29PM. This expansive textbook survival guide covers the following chapters: 0. This textbook survival guide was created for the textbook: FINANCIAL CALCULATOR, edition: .

Key Business Terms and definitions covered in this textbook
• accounting profit

total revenue minus total explicit cost

• complements

two goods for which an increase in the price of one leads to a decrease in the demand for the other

• compounding

the accumulation of a sum of money in, say, a bank account, where the interest earned remains in the account to earn additional interest in the future

• constant returns to scale

The property whereby long-run average total cost stays the same as the quantity of output changes

• diminishing returns

the property whereby the benefit from an extra unit of an input declines as the quantity of the input increases

• in-kind transfers

transfers to the poor given in the form of goods and services rather than cash

• lump-sum tax

a tax that is the same amount for every person

• marginal product

the increase in output that arises from an additional unit of input

• microeconomics

the study of how households and firms make decisions and how they interact in markets

• microeconomics

the study of how households and firms make decisions and how they interact in markets

• monopoly

a firm that is the sole seller of a product without close substitutes

• Nash equilibrium

a situation in which economic actors interacting with one another each choose their best strategy given the strategies that all the other actors have chosen

• national saving

the total income in the economy that remains after paying for consumption and government purchases

• quantity supplied

the amount of a good that sellers are willing and able to sell

• rational people

people who systematically and purposefully do the best they can to achieve their objectives

• risk aversion

a dislike of uncertainty

• strike

the organized withdrawal of labor from a firm by a union

• substitution effect

the change in consumption that results when a price change moves the consumer along a given indifference curve to a point with a new marginal rate of substitution