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Textbooks / Business / Managerial Accounting 15

Managerial Accounting 15th Edition - Solutions by Chapter

Full solutions for Managerial Accounting | 15th Edition

ISBN: 9780078025631

Managerial Accounting | 15th Edition - Solutions by Chapter

Since problems from 15 chapters in Managerial Accounting have been answered, more than 2810 students have viewed full step-by-step answer. The full step-by-step solution to problem in Managerial Accounting were answered by , our top Business solution expert on 03/15/18, 05:48PM. This expansive textbook survival guide covers the following chapters: 15. This textbook survival guide was created for the textbook: Managerial Accounting, edition: 15. Managerial Accounting was written by and is associated to the ISBN: 9780078025631.

Key Business Terms and definitions covered in this textbook
  • agent

    a person who is performing an act for another person, called the principal

  • common resources

    goods that are rival in consumption but not excludable

  • discrimination

    the offering of different opportunities to similar individuals who differ only by race, ethnic group, sex, age, or other personal characteristics

  • dominant strategy

    a strategy that is best for a player in a game regardless of the strategies chosen by the other players

  • efficiency wages

    above-equilibrium wages paid by firms to increase worker productivity

  • efficient scale

    the quantity of output that minimizes average total cost

  • equilibrium

    a situation in which the market price has reached the level at which quantity supplied equals quantity demanded

  • indifference curve

    a curve that shows consumption bundles that give the consumer the same level of satisfaction

  • inflation rate

    the percentage change in the price index from the preceding period

  • law of supply

    the claim that, other things being equal, the quantity supplied of a good rises when the price of the good rises

  • normative statements

    claims that attempt to prescribe how the world should be

  • price ceiling

    a legal maximum on the price at which a good can be sold

  • public goods

    goods that are neither excludable nor rival in consumption

  • real GDP

    the production of goods and services valued at constant prices

  • rivalry in consumption

    the property of a good whereby one person’s use diminishes other people’s use

  • 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

  • unemployment insurance

    a government program that partially protects workers’ incomes when they become unemployed

  • value of the marginal product

    the marginal product of an input times the price of the output

  • velocity of money

    the rate at which money changes hands

  • welfare

    government programs that supplement the incomes of the needy welfare economics the study of how the allocation of resources affects economic well-being

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