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In economics, the menu cost is a cost that a firm incurs due to changing its prices. It is one microeconomic explanation of the price-stickiness of the macroeconomy put by New Keynesian economists. [1] The term originated from the cost when restaurants print new menus to change the prices of items.
Quizlet was founded in October 2005 by Andrew Sutherland, who at the time was a 15-year old student, [2] and released to the public in January 2007. [3] Quizlet's primary products include digital flash cards , matching games , practice electronic assessments , and live quizzes.
Discounts are reductions applied to the basic sale price of goods or services. Allowances against price may have a similar effect . Discounting practices operate within both business-to-business and business-to-consumer contexts. [1]
In economics, the GDP deflator (implicit price deflator) is a measure of the money price of all new, domestically produced, final goods and services in an economy in a year relative to the real value of them.
This is a list of U.S. state government budgets as enacted by each state's legislature.. A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts).
This is an accepted version of this page This is the latest accepted revision, reviewed on 13 January 2025. Educational assessment For other uses, see Exam (disambiguation) and Examination (disambiguation). Cambodian students taking an exam in order to apply for the Don Bosco Technical School of Sihanoukville in 2008 American students in a computer fundamentals class taking an online test in ...
Suppose also that there is some cost function: [, +]. The cost function may be interpreted as a "total processing time", and may have some expression in terms of times C i j : M × J → [ 0 , + ∞ ] {\displaystyle C_{ij}:M\times J\to [0,+\infty ]} , the cost/time for machine M i {\displaystyle \displaystyle M_{i}} to do job J j {\displaystyle ...
To streamline operations and reduce costs, several proposals have been made to consolidate the federal statistical system into fewer agencies, or even a single agency. [7] In 2011, President Barack Obama's proposal to reorganize the U.S. Department of Commerce included placing several statistical agencies under one umbrella. [8]