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on 26-Apr-2017 (Wed)

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Flashcard 1450701360396

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#cfa #cfa-level-1 #economics #has-images #reading-15-demand-and-supply-analysis-the-firm #section-3-analysis-of-revenue-costs-and-profit


Question
The firm’s [...] is the bold section of the marginal cost curve that lies above the minimum point (point A) on the average variable cost curve.
Answer
short-run supply curve

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The firm’s short-run supply curve is the bold section of the marginal cost curve that lies above the minimum point (point A) on the average variable cost curve. If the firm operates below this point (for example between

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Exhibit 17 displays the firm’s supply curve, shutdown point, and breakeven level of operation under perfect competition in the short run. The firm’s short-run supply curve is the bold section of the marginal cost curve that lies above the minimum point (point A) on the average variable cost curve. If the firm operates below this point (for example between C and A), it shuts down because of its inability to cover variable costs in full. Between points A and B, the firm can operate in the short run because it is meeting variable cost payments even though it is unable to cover all of its fixed costs. In the long run, how







Flashcard 1451128130828

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#estructura-financiera-y-de-capital
Question
La [...] se basa exclusivamente en instrumentos de largo plazo.
Answer
Estructura de Capital

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Flashcard 1453510495500

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#conversation-tactics
Question
avoid statements in favor of [...] whenever possible.
Answer
questions

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avoid statements in favor of questions whenever possible.

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#algorithmic-level #cognitive-science #computational-level #marrs-levels-of-analysis #rationality #resource-rational-analysis
Even more impor- tant, it might give us a generic recipe for constructing connectionist and other psychologi- cal process models that approximate the ideal solution expressed in a Bayesian model, producing testable claims about cognitive processes.
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#algorithmic-level #cognitive-science #computational-level #marrs-levels-of-analysis #rationality #resource-rational-analysis
Abstract computational architectures are mod- els of mental computation in the sense in which the Turing machine is a model of how computers process information.
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#algorithmic-level #cognitive-science #computational-level #marrs-levels-of-analysis #rationality #resource-rational-analysis
Define the computational-level theory without con- sidering limitations on its execution, and then explore the consequences of those limitations as a further analysis that brings us closer to an algorithmic-level theory (see Fig. 1). Various proposals about limitations—or alternatively abstract computational architectures—provide us with levels of analysis between the computational and the algo- rithmic, and the principle of rationality provides us with a methodology for developing models at those intermediate levels.
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History (from Greek ἱστορία , historia, meaning "inquiry, knowledge acquired by investigation")[2] is the study of the past as it is described in written documents.[3][4] Events occurring before written record are considered prehistory. It is an umbrella term that relates to past events as well as the memory, discovery, collection, organization, presentation, and interpretation of information about these events. Scholars who write about history are called historians.
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History - Wikipedia
ry of the world. For other uses, see History (disambiguation). [imagelink] [emptylink] Historia painting by Nikolaos Gyzis (1892) Those who cannot remember the past are condemned to repeat it. [1] —George Santayana <span>History (from Greek ἱστορία, historia, meaning "inquiry, knowledge acquired by investigation") [2] is the study of the past as it is described in written documents. [3] [4] Events occurring before written record are considered prehistory. It is an umbrella term that relates to past events as well as the memory, discovery, collection, organization, presentation, and interpretation of information about these events. Scholars who write about history are called historians. History can also refer to the academic discipline which uses a narrative to examine and analyse a sequence of past events, and objectively determine the patterns of cause and effect t