Examlex
Which UMUC evaluation criterion is indicated by each of the following questions?
A. Can you establish the writer's credentials?
b. Can you tell when the source was created / written?
c. Can you tell who created the information?
d. Does the information contain advertising?
e. Does the information contain any obvious errors of fact?
f. Does the source cover the subject with sufficient depth?
g. Does the source tell you where the information came from?
h. Is the information available freely?
i. Is the source still under construction?
j. When was the last time the source was updated?
Economic Profit
The disparity measure in between overall returns and full expenses, including both exposed and indirect costs.
Market Supply
The total amount of a product that sellers are willing and able to sell across all relevant price levels within a given market.
Long Run
A period in which all factors of production and costs are variable, allowing firms to adjust fully to market changes.
Long-run Equilibrium
The condition in which, considering full adjustments in the market, the quantity supplied equals the quantity demanded at the prevailing market price.
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