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on 02-Mar-2020 (Mon)
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Flashcard 149624274
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| status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
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| repetition number in this series | 0 | memorised on | scheduled repetition | ||||
| scheduled repetition interval | last repetition |
Parent (intermediate) annotation
Open itThe coupon yield is simply the coupon payment as a percentage of the face value .
Original toplevel document
Bond valuation - Wikipedia, the free encyclopediaices are often quoted in terms of YTM. To achieve a return equal to YTM, i.e. where it is the required return on the bond, the bond owner must: buy the bond at price ,hold the bond until maturity, andredeem the bond at par. Coupon yield[edit] <span>The coupon yield is simply the coupon payment as a percentage of the face value . Coupon yield is also called nominal yield. Current yield[edit] The current yield is simply the coupon payment as a percentage of the (current) bond price . Relationship[edit] The concept of current yield is closely related to o
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Perfect competition - Wikipedia
[19] Restated, the rule is that for a firm to continue producing in the short run it must earn sufficient revenue to cover its variable costs.[20] The rationale for the rule is straightforward: <span>By shutting down a firm avoids all variable costs.[21] However, the firm must still pay fixed costs.[22] Because fixed costs must be paid regardless of whether a firm operates they should not be considered in deciding whether to produce or shut down. Thus in determining whether to shut dow
Flashcard 5061771922700
| status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
|---|---|---|---|---|---|---|---|
| repetition number in this series | 0 | memorised on | scheduled repetition | ||||
| scheduled repetition interval | last repetition |
Parent (intermediate) annotation
Open itBy shutting down in a short run a firm avoids all variable costs.[21] However, the firm must still pay fixed costs.[22]
Original toplevel document
Perfect competition - Wikipedia[19] Restated, the rule is that for a firm to continue producing in the short run it must earn sufficient revenue to cover its variable costs.[20] The rationale for the rule is straightforward: <span>By shutting down a firm avoids all variable costs.[21] However, the firm must still pay fixed costs.[22] Because fixed costs must be paid regardless of whether a firm operates they should not be considered in deciding whether to produce or shut down. Thus in determining whether to shut dow
Flashcard 5061772971276
| status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
|---|---|---|---|---|---|---|---|
| repetition number in this series | 0 | memorised on | scheduled repetition | ||||
| scheduled repetition interval | last repetition |
Parent (intermediate) annotation
Open itBy shutting down in a short run a firm avoids all variable costs.[21] However, the firm must still pay fixed costs.[22]
Original toplevel document
Perfect competition - Wikipedia[19] Restated, the rule is that for a firm to continue producing in the short run it must earn sufficient revenue to cover its variable costs.[20] The rationale for the rule is straightforward: <span>By shutting down a firm avoids all variable costs.[21] However, the firm must still pay fixed costs.[22] Because fixed costs must be paid regardless of whether a firm operates they should not be considered in deciding whether to produce or shut down. Thus in determining whether to shut dow
| status | not read | reprioritisations | ||
|---|---|---|---|---|
| last reprioritisation on | suggested re-reading day | |||
| started reading on | finished reading on |
Perfect competition - Wikipedia
revenue to cover its variable costs.[20] The rationale for the rule is straightforward: By shutting down a firm avoids all variable costs.[21] However, the firm must still pay fixed costs.[22] <span>Because fixed costs must be paid regardless of whether a firm operates they should not be considered in deciding whether to produce or shut down. Thus in determining whether to shut down a firm should compare total revenue to total variable costs (VC) rather than total costs (FC + VC). If the revenue the firm is receiving is grea
Flashcard 5061776903436
| status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
|---|---|---|---|---|---|---|---|
| repetition number in this series | 0 | memorised on | scheduled repetition | ||||
| scheduled repetition interval | last repetition |
Parent (intermediate) annotation
Open itBecause fixed costs must be paid regardless of whether a firm operates they should not be considered in deciding whether to produce or shut down.
Original toplevel document
Perfect competition - Wikipediarevenue to cover its variable costs.[20] The rationale for the rule is straightforward: By shutting down a firm avoids all variable costs.[21] However, the firm must still pay fixed costs.[22] <span>Because fixed costs must be paid regardless of whether a firm operates they should not be considered in deciding whether to produce or shut down. Thus in determining whether to shut down a firm should compare total revenue to total variable costs (VC) rather than total costs (FC + VC). If the revenue the firm is receiving is grea
| status | not read | reprioritisations | ||
|---|---|---|---|---|
| last reprioritisation on | suggested re-reading day | |||
| started reading on | finished reading on |
Substitution effect - Wikipedia
choice theory, the substitution effect is one component of the effect of a change in the price of a good upon the amount of that good demanded by a consumer, the other being the income effect. <span>When a good's price decreases, if hypothetically the same consumption bundle were to be retained, income would be freed up which could be spent on a combination of more of each of the goods. Thus the new total consumption bundle chosen, compared to the old one, reflects both the effect of the changed relative prices of the two goods (one unit of one good can now be traded for a different quantity of the other good than before as the ratio of their prices has changed) and the effect of the freed-up income. The effect of the relative price change is called the substitution effect, while the effect due to income having been freed up is called the income effect. If income is altered in response to the price change such that a new budget line is drawn passing through the old consumption bundle but with the slope determined by the new prices and
Flashcard 5061828807948
| status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
|---|---|---|---|---|---|---|---|
| repetition number in this series | 0 | memorised on | scheduled repetition | ||||
| scheduled repetition interval | last repetition |
Parent (intermediate) annotation
Open ite same consumption bundle were to be retained, income would be freed up which could be spent on a combination of more of each of the goods. The effect of the relative price change is called the <span>substitution effect, while the effect due to income having been freed up is called the income effect . <span>
Original toplevel document
Substitution effect - Wikipediachoice theory, the substitution effect is one component of the effect of a change in the price of a good upon the amount of that good demanded by a consumer, the other being the income effect. <span>When a good's price decreases, if hypothetically the same consumption bundle were to be retained, income would be freed up which could be spent on a combination of more of each of the goods. Thus the new total consumption bundle chosen, compared to the old one, reflects both the effect of the changed relative prices of the two goods (one unit of one good can now be traded for a different quantity of the other good than before as the ratio of their prices has changed) and the effect of the freed-up income. The effect of the relative price change is called the substitution effect, while the effect due to income having been freed up is called the income effect. If income is altered in response to the price change such that a new budget line is drawn passing through the old consumption bundle but with the slope determined by the new prices and