facts to consider when thinking about liver transplants. Alcoholism is the leading cause of liver disease‚ donor livers are extremely scarce and liver transplants are very expensive to perform. These facts force us to ask the question‚ Should alcoholism be a factor in deciding who receives liver transplants? I propose that alcoholics who have done nothing to better their condition should be placed at the bottom of the waiting list for liver transplants. Not all alcoholics should be excluded from
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Law of Equi Marginal Utility According to this‚ a consumer is in equilibrium when he distributes his given money income among various goods in such a way that marginal utility derived from the last rupee spent on each good is the same. Assumptions The main assumptions of the law of equi-marginal utility are as under: (1) Independent utilities. The marginal utilities of different commodities are independent of each other and diminishes with more and more purchases. (2) Constant marginal
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I. Introduction Tourism is travel for recreational‚ leisure or business purposes. People have always traveled‚ whether it is to conquer worlds‚ discover new places‚ for business or for pleasure. This need of man has consequently led to the development of different attractions whether man-made or natural. Recreation‚ it is a term that denotes the refreshment of one’s body or mind after work that stimulates amusement or play. People have become too busy to take out time to look within‚ no time
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Boston Chicken Inc. Case Study 10/22/08 (All amounts listed in thousands) 1. Boston Chicken implemented a franchising strategy that differed from most other franchising companies at the time. Boston Chicken focused its expansion through franchising the company through large regional developers rather than selling store franchises to a large number of small franchisees. In that‚ an established network of 22 regional franchises that targeted their operations in the 60 largest U.S. metropolitan
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1. The chief economist for Argus Corporation‚ a large appliance manufacturer‚ estimated the firm’s short-run cost function for vacuum cleaners using an average variable cost function of the form. AVC= a + bQ+ cQ^2 (the 2 is suppose to be exponent) Where AVC=dollars per vacuum cleaner and Q=number of vacuum cleaners produced each month. Total fixed cost each month is $180‚000. The following results were obtained: Dependent Variable:AVC R-Square
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Law of Diminishing Marginal Utility’ A law of economics stating that as a person increases consumption of a product - while keeping consumption of other products constant - there is a decline in the marginal utility that person derives from consuming each additional unit of that product. EXPLANATION This is the premise on which buffet-style restaurants operate. They entice you with "all you can eat‚" all the while knowing each additional plate of food provides less utility than the one before
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Chapter : Research Methodology Objective of the study Sample Size Purpose of the study Scope of the study Limitation of the study Design of Questionnaire Source of Data Secondary Data Primary Data Research Methodology Objective of the study: To study the different models available in NOKIA handset during the study period(2011-2012). To study the satisfaction level of NOKIA handset user in Assam University during the study period. Sample Size: The sampling process consists
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COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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We the jury find the defendant‚ Not Guilty! Today is the last day of the trial. We have heard all of the witnesses and now we know that we must deliberate. I know that some of the "witnesses" are liars. Some make valid points and I know without a doubt in my mind that Captain Preston is an innocent man and that his men were provoked. As I listened to the witnesses‚ here is what I came to believe: The witnesses for the prosecution have very different stories as do some of the witnesses for the
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Then come up out of the water‚ that first breath is wonderful -- tremendous utility. That is utility - the meeting of a need or being satisfied. Now Marginal Utility is the change in utility from one more good or service being consumed. So the amount of utility from the first cup of coffee or that first breath is huge. Diminishing Marginal Utility is the fact that each addition good or service consumed‚ creates a smaller and smaller amount of additional utility. In the examples above‚ that
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