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shutdown price (DO)<br />A minimum price equal to the short-run average VARIABLE cosr. Below this price, firms would prefer to shut down rather than accept a lower price and incur losses, including payments needed to cover FIXED COSTS.
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<strong>PG</strong> – Print and Guarantee, a type of application process flow within the FFEL Program and outlined in CommonLine file specifications. In a “PG” process flow, the school submits loan application information to the guarantor or lender, and that entity then either mails a paper MPN to the borrower for completion or makes the application available online for the borrower to access and complete. Once the borrower completes his/her portion of the application process, the loan is guaranteed. A PG process often works well for PLUS loans, whereby the borrower must first pass a credit check before the loan can be guaranteed.
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Boisguilbert, Pierre Le Pesant de, 1646-1714 (B3)<br />Born at Sainte-Croix Saint Ouen de Rouen, studied law at Paris and later became a lieutenant of police. He is credited with introducing the principle of LAISSEZ-FA!RE. His main work was Dissertation de la nature des richesses, de !'argent et des tributes, ou !'on decouvre la fausse idee qui regne dans le monde a l' egard de ces trois articles (1707).
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