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<strong>Post-Withdrawal Disbursement (PWD)</strong> – A disbursement made when the calculation for the school' s return to Title IV funds (R2T4) result in the student being eligible to receive more Title IV aid than was disbursed or delivered prior to his or her withdrawal.
excess capacity theorem (Ll)<br />The theoretical outcome of MONOPOLISTIC COMPETITION which holds that profit-maximizing firms choose a level of production that is lower and with higher average costs than under PERFECT COMPETITION. In the figure, ATC is AVERAGE TOTAL cosT, MC is MARGINAL cosT, D is demand, AR is AVERAGE REVENUE, MR is MARGINAL REVENUE, OP is the profit-maximizing price, OQ2 is the profit-maximizing output and Q1Q2 is the excess capacity. <br /><em>See also:</em> profit maximization
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paradox of costs (EO)<br />A case of higher wages being associated with higher macro profits. This occurs because higher wages cause higher household incomes in turn leading to higher demand and profits.
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