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12 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Fixed imputs
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Don't vary
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Variable inputs
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Can vary
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Stock Option is
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The right to buy stock at prespecified at a future date.
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6 out 12 types of taxation are:
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Federal
social security medicare local Futa Suta state sales tax property estate tariff excise |
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Economic Capital
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"K"
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machinery and equipment
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Financial Capital
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Money to buy L,N,K
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2 Sources of Financial capital
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1. Debt
2. Equity |
1. loan and bonds
2. stock and % of ownership |
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Give 3 types of market failure
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1. Pollution
2. Monopoly 3. Imperfect information |
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Explicit costs is
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Actual spending of $money$
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Implicit costs is
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Opportunity costs
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Economic Profit
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TR - TC - implicit costs
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Accounting Profit
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TR - TC
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