ONSUMER EQUILIBRIUM CARDINAL AND ORDINAL UNIT 5 CONSUMER EQUILIBRIUM: CARDINAL AND ORDINAL APPROACHES Structure 5.0 Objectives 5.1 Introduction 5.2 Cardinal utility approach to consumer behaviour 5.3 The law of eventual diminishing marginal utility 5.4 Consumer’s equilibrium 5.5 Basis of law of demand in the cardinal approach 5.6 Consumer’s surplus 5.7 The ordinal utility approach to consumer behaviour: the indifference curve approach 5.8 Consumer’s budget constraint 5.9 Consumer’s
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Antonio is the title character in Shakespeare’s The Merchant of Venice. He is a middle-aged bachelor and merchant by trade who has his financial interests tied up in overseas shipments when the play begins. He is kind‚ generous‚ honest and confident‚ and is loved and revered by all the Christians who know him. Even Portia‚ who sees Antonio as a rival for her husband’s affections‚ reveres his character and appreciates — with reservations — his willingness to die for Bassanio. Antonio manifests his
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things happen to good people‚ sometimes we can’t explain it and sometimes they don’t deserve it. Since it is a familiar subject a lot of writers decide to incorporate karma‚ fate‚ destiny‚ in their stories‚ for example‚ William Shakespeare’s Merchant of Venice. Its message revolves around fairness and so karma since in the end Shylock does not deserve what he gets. First of all‚ Shylock is portrayed as the victim in the play; he is not mean. He has never done anything to hurt Antonio who is in
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play‚ The Merchant of Venice‚ by William Shakespeare‚ is one that receives a lot of controversy in History. The main storyline of the play is about a Jewish moneylender named Shylock who strikes a deal with the Christian merchant‚ Antonio. Antonio’s friend‚ Bassanio‚ needs money for his wedding and asks Antonio for the money. Unfortunately‚ Antonio’s money is at sea‚ stored in boats; However‚ Antonio agrees to obtain money for Bassanio through Shylock‚ the moneylender. So‚ the two merchants strike a
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The Merchant of Venice Speech It has been almost four hundred years since Shakespeare completed the last of his plays. His work however continues to be played to sell out audiences still captivating people. His plays are still taught in schools with eager passion. Many people question the relevance of his work and lingering popularity. So what could a playwright from the seventeenth century have absolutely anything to do with a world full of advancing technology‚ fast food and materialistic views
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Through “The Merchant of Venice” we see that Shakespeare supports the anti-semitic stereotypes and it’s portray through the character of Shylock. Many individuals fear that it’s unsuitable to teach and discuss “The Merchant of Venice” in high school because of its nugatory ways it displays in Jews; however‚ it is essential to read this polemical play in high school because it expands the literary minds to those who read it due to their complexity of Shakespeare. It also allows students to read and
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In William Shakespeare’s The Merchant of Venice‚ prejudice is a predominant theme and it is displayed in numerous ways. A dominant form of prejudice in the play is prejudice against religion by both the Christian and the Jewish believers. Other minor but important forms of prejudice displayed are against races and against various types of disabilities. Shakespeare demonstrates that during his era‚ in the Elizabethan Era‚ prejudice wasn’t frowned upon like it is today in present society. Shakespeare
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Conflicts in "Merchant of Venice" occur as a result of four major life themes: love‚ money‚ prejudice and disguise. Shylock‚ the Jewish moneylender is usually‚ and somewhat unjustly‚ held responsible for many of these conflicts. Though Shylock’s behaviour is‚ in many ways‚ evil‚and should by no means be exonerated‚ the conflicts he does cause are most often merely his vengeful attempt to respond to the prejudices he has experience caused by his religion. In the time of Shakespeare‚ prejudices were
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and ‘The Merchant of Venice’. Shakespeare and Jane Austen both present strong feeling of love‚ revenge‚ hatred and friendship. They are two different types of stories‚ ‘Pride and Prejudice’ is a novel and ‘The Merchant of Venice’ is a play so therefore they both have different ways of presenting strong feelings but they do have some similarities. In ‘Pride and Prejudice’ strong feelings are presented by: 1. The Narrator 2. Letters 3. Dialogue Whereas in ‘The Merchant of Venice’ strong feelings
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The Merchant of Venice - of Shylock Shylock was mistreated by Christians in particularly Antonio before they entered into their bond. It is understandable that this would be‚ because Jews were mistreated by the Christians and that’s just the way it was during those times. The Jews were segregated and forced to live in a ghetto and were abused by the Christians. It is know wonder that when Shylock was presented with an opportunity to reciprocate‚ he would. However‚ Shylock also did his fair
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