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A low amount of money offered to you for some that is of more value. such as someone offering you $100 for something that is worth $500 dollars. you would be a 'chump' and you get the 'change'

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Q: What is the meaning of 'chump change'?
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What is the meaning of fixed cost in economics?

the cost which is not change with production fixed cost example rent of factory , employee salaries in case of manufacturing unit , fixed electricity charge etc.


What is Balanced budget multiplier?

BALANCED-BUDGET MULTIPLIER:A measure of the change in aggregate production caused by equal changes in government purchases and taxes. The balanced-budget multiplier is equal to one, meaning that the multiplier effect of a change in taxes offsets all but the initial production triggered by the change in government purchases. This multiplier is the combination of the expenditures multiplier, which measures the change in aggregate production caused by changes in an autonomous aggregate expenditure, and the tax multiplier which measures the change in aggregate production caused by changes in taxes.


When is demand when absolute price elasticity of demand equals 2.5?

Meaning that if prices change by 1%, the change in quantity would be 2.5% (at $100/piece, 1000 goods are consumed. if the price rises to $101, only 975 goods are consumed. And if the price falls to $99, 1025 goods are consumed.)


Are pharmaceutical products elastic?

They are likely to be inelastic meaning the demand for the products will not change in relation to price. This is because if consumers require medication then it is unlikely they will refuse to buy it based on a slight price increase


What is the meaning of basic market models?

the meaning of market models is competition derived from pure competition meaning many sellers, monopolistic competition meaning most sellers, oligopoly competition meaning few sellers and pure monopoly meaning one seller.

Related questions

What are the ratings and certificates for Chump Change - 2000?

Chump Change - 2000 is rated/received certificates of: USA:R


What actors and actresses appeared in Chump Change - 2011?

The cast of Chump Change - 2011 includes: Heather Ada McKenzie as Homeless woman Andrew Cecon as The player Daryl Dorge as Thomas Amy Simoes as Carly Ron Verwymeren as Bartender


When was The Chump created?

The Chump was created on 2010-05-13.


How do you use the word chump in a sentence?

He thought he could outsmart us, but in the end, he just ended up looking like a chump.


What is the duration of A Chump at Oxford?

The duration of A Chump at Oxford is 2520.0 seconds.


What alliteration starts with the letter C?

Caring cuddling


What is the German word for chump?

The German word for chump is: Dummkopf Trottel Klotz


Is chump a synonym of friend?

No. Chum is a synonym of friend. Chump is a mild insult


When was A Chump at Oxford created?

A Chump at Oxford was created on 1940-02-16.


When was Pedigree Chump created?

Pedigree Chump was created on 1999-03-01.


How are the two words 'chum' and 'chump' different?

Chum = Friend , mate Chump = Stupid , idiot


What are the release dates for The Chump - 1921?

The Chump - 1921 was released on: USA: 2 July 1921