Pellucid Marginal Degeneration is a rare corneal ectatic disorder(PMC). This bilateral‚ non-hereditary ‚ idiopathic disorder is characterized by irregular astigmatism(Collagen cross-linking in the treatment of pellucid marginal degeneration)and thinning of the peripheral cornea in absence of inflammation‚ often affecting the inferior quadrant in a crescentic fashion. The disorder includes an area of corneal protrusion above the point of maximal thinning. This is the hallmark of the disorder and is
Premium Brain Nervous system Blood
Consumer Expenditure and Equi-marginal Utility Consumer behaviour theory tries to explain the relationship between price changes and consumer demand. Utility is a concept used to denote the subjective satisfaction or usefulness attained from consuming goods and services. This concept helps to explain how consumers divide their limited income / resources among different choices of goods and services that help attain them satisfaction (utility) The issue however is how we are supposed to measure
Premium Consumer theory Utility
Question 1 The primary objective of a for-profit firm is to ___________. Selected Answer: Correct Answer: 5 out of 5 points maximize shareholder value maximize shareholder value Question 2 5 out of 5 points The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers? Selected Answer: Correct Answer: innovation theory of profit innovation theory
Premium Marginal cost Regression analysis Microeconomics
Marginal Analysis and Profit Maximization Task A At the point of profit maximization within any firm‚ the aspects of both marginal revenue and marginal cost play a major role. The economically working definition of marginal revenue is termed as: the extra revenue that an additional unit of product will bring. It is the additional income from selling one more unit of a good; sometimes equal to price (MoneyTerms‚ 2005). The marginal revenue of the output of any given product ties closely in the
Premium Costs Economics Variable cost
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
Premium Economics Utility Consumer theory
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
Premium Economics Eating Logic
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
Premium Economics Utility Function
frequency of pap-smear exams for women. The new frequency recommendation was designed to address the family histories of the patients. The optimal frequency should be where the marginal benefit of an additional pap-test: Answer Selected Answer: equals the marginal cost of the test Correct Answer: equals the marginal cost of the test Question 3 5 out of 5 points The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What
Premium Marginal cost Economics Costs
Overweight Teens don’t Necessarily Consume More Calories By Karen Rowan Published September 10‚ 2012| MyHealthNewsDaily 1 Overweight teens actually eat fewer calories daily on average than their trimmer counterparts‚ a new study finds. 2 Among 12- to 14-year-old girls in the study‚ girls who were very obese ate about 300 fewer calories on average daily than obese girls‚ and obese girls consumed 110 fewer calories daily than healthy-weight girls. 3 When the researchers looked at calories
Free Obesity Nutrition
MARGINAL COSTING AS A COSTING SYSTEM Marginal Costing is a type of flexible standard costing that separates fixed costs from proportional costs in relation to the output quantity of the objects. In particular‚ Marginal Costing is a comprehensive and sophisticated method of planning and monitoring costs based on resource drivers. Selecting the resource drivers and separating the costs into fixed and proportional components ensures that cost fluctuations caused by changes in operating levels‚ as
Premium Costs Marginal cost Cost