UTILITY Utility refers to want satisfying power of a commodity. In objective terms‚ utility may be defined as the “amount of satisfaction derived from a commodity or service at a particular time”. Assumptions: • UH:\Games.exetility can be measured. • Marginal Utility of money remains constant • No change in income of the consumer‚ his taste & fashion to be constant • No substitute • Independent marginal utility of each unit of commodity Utility Characteristics:
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Question 1 (a) Simons (1999‚ pg 768) describes intrinsic motivation as “desire to engage in behaviours or actions in anticipation of internally- generated rewards such as personal feelings of accomplishment” and extrinsic motivation Simons describes as (1999‚ pg 766) “desire to engage in behaviours or actions in anticipation of tangible rewards‚ such as money or promotion”. Extrinsic motivation is created by financial incentives. An incentive as Simons (1999‚ 767) describes as being “a reward
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PROBLEMS ON FORECASTING FCT 1 Given an actual demand of 103‚ a previous forecast value of 99‚ and an alpha of .4‚ the exponential smoothing forecast for the next period would be FCT 2 A forecasting method has produced the following over the past five months. What is the mean absolute deviation (MAD) ActualForecastErrorError1011-11810-22108 2266 0098 11 FCT 3 What is the forecast for May based on a weighted moving average applied to the following past demand data and using the weights .5‚
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*aierial* *pingpong* *this arvo* between the mighty pies and the dons*. When we got down there we realised that we spent *all *our *moula* at the servo. “ey* cobber *ya* old bastard*‚* we better mull u*p‚ we got no cash” *“true* blue *ya* dag‚ *haha* no cash no problem” *“better* grab the metho as well *fella*” *“no* time knackers‚ *weve* got get home before everyone else *karks* it down there” “what* other dills are coming over for the pies v dons game *ya* donger*” “just* the *fellas*
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Chapter 4 – Theory of Consumer Behavior Economics 11 – UPLB Prepared by T.B. Paris‚ Jr. December 11‚ 2007 Theory of Consumer Behavior Useful for understanding the demand side of the market. Utility - amount of satisfaction derived from the consumption of a commodity ….measurement units utils Utility concepts cardinal utility - assumes that we can assign values for utility‚ (Jevons‚ Walras‚ and Marshall). E.g.‚ derive 100 utils from eating a slice of pizza ordinal utility
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connected vertices p‚ q either within rim Ry or Rx. The cycle Cf’ cannot be of an even length or C7+ cycle; the congruent vertices are not connected. More numerous presence of {f*} within P2R prevents from congruence of vertices within cycles {Cf} where fPy. It is also impossible to have connected congruent vertices pRx and qRy since vertex p has no associated triangles to be congruent with another vertex. That means vertices s‚ t adjacent to p‚ q respectively would be within the same rim Ry as color
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incident is what bothered her the most. One of the things she valued most about herself was taken away by this “glob” on her right eye‚ and she then realizes this after seeing it. A few years later her personality completely changes and she isn’t as perky as she used to be. She tries to avoid eye contact so people won’t stare at her eye. She curses her eye and wishes for it heal soon‚ but to no avail. It’s only after the glob is removed that Walker starts to return to her old self. In the story‚ Walker
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uniforms discourage self-expression throughout outfits they choose to wear on a daily basis. Students wear clothing that helps them find a way of finding themselves and who they want to be. One person could wear bright colours to express they are perky and lovable. Students still find a way of picking certain people to hang out with and be in their “cliques”. Uniforms also do not make life free from fashion‚ which many people‚ particularly girls‚ are into. Clearly‚ school uniforms would destroy
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of a competitor’s shoes Dr. Martin (Py) the price of another competitor’s shoes ‘Madame69’ (Pz) and disposable per capita income (Y) A regression was run by using SPSS package and the result is shown as follows: LS//Dependent Variable is Qx Variable Coefficient C 250.7 Px -410.3 Py 240.3 Pz 180.3 Y 1.23 R-Squared = 0.857 S.E of regression = 265.6 Qx represents quantity (pairs) demanded per month. The current values of the dependent variables are Px = $80‚ Py = $75‚ Pz $82.5 and Y = $5250 a) Calculate
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Katipunan Avenue PORK EMPANADA by Tony Perez (from his story collection Eros‚ Thanatos‚ Cubao‚ Cacho Publishing House‚ 1994) Translated into English by Jessica Zafra Do you go to Katipunan often? You’ve probably seen Frankie’s Steaks and Burgers‚ beside the new Cravings‚ near Lily of the Valley Beauty & Grooming Salon. If you’ve seen it‚ then you’ve probably seen Bototoy. Monday through Saturday Bototoy climbs the winding path from Barangka to the service gate behind Ateneo Grade School
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