Shares are deemed pricey when the p/e ratio is above its long-run average.
如市盈率超出长期平均状况，股份价格即被视为昂贵。
That long-run average offers a better guide to the future.
长期平均值更好地为未来指明方向。
Switzerland's ratio is also less than its long-run average.
瑞士比率也低于长期平均水平。
The number of mortgages approved for house purchase is around half the long-run average.
获准的购房抵押贷款数量大约是长期平均水平的一半左右。
Singapore is also closer to fair value, according to The Economist's long-run average ratio of house prices to rents.
按照经济学人的长期平均的房屋租售比来看，新加坡的房价也更合理一些。
How is the long-run average cost curve (LRAC) derived?
长期平均成本曲线是怎么样得到的？
It is proved that an optimal stationary policy exists under the criterion of long-run average cost.
在平均费用准则下，证明了最优平稳策略的存在性。
He expects a second round of price declines: a further 20% fall would bring prices back to their long-run average against earnings.
他预言会出现第二轮的价格下跌：20%的进一步下跌将使价格对收入的比率回归至长期平均水平。
Mean reversion is a tendency for a stochastic process to remain near, or tend to return over time to a long-run average value.
均值回归是指随着时间的向前推进，一个随机过程向其均值靠近的趋势。
The ratio of house prices to workers' pay is still some way above its long-run average, so property in Britain could not yet be described as cheap.
房价和工资比还是略高于长期平均水平，因此英国的房子还算不上便宜。
If credit, asset prices and GDP were all growing above their long-run average rates, say, the regulator would be forced to step in or explain why it is not doing so.
打个比方，如果信贷、资产价格和GDP都高于远期平均增长值，那么监管者就必须进行干预，或者对其不作为作出解释。
That would help explain why Spain's price-to-rents ratio has trended upwards over time, in contrast with Britain's, which has fluctuated more obviously around its long-run average.
这样就更好理解为什么西班牙售租比随时间推移呈现上行态势；而在英国，比率则围绕长期平均水平波动。
We prove that the long run cost function is a power function of output, and point out the special relationship between long run marginal cost function and long run average cost function.
文章研究一般性齐次生产函数条件下长期成本函数的确定方法，证明了长期成本函数是关于产量的幂函数，并指出了长期边际成本函数和长期平均成本函数之间的特殊关系。
We prove that the long run cost function is a power function of output, and point out the special relationship between long run marginal cost function and long run average cost function.
文章研究一般性齐次生产函数条件下长期成本函数的确定方法，证明了长期成本函数是关于产量的幂函数，并指出了长期边际成本函数和长期平均成本函数之间的特殊关系。
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