desirable goods‚ a consumer will definitely know which is preferred‚ or will definitely know that s/he would be equally happy with either‚ nor does it imply that the consumer finds both baskets undesirable. Rather‚ indifference implies that both baskets are equally desirable. This state of indifference plays a crucial role in the model of consumer choice. 2. Axiom of Non-Satiation Given two market baskets‚ A and B‚ the consumer will always prefer the basket that has more of at least one item and no
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Sandeep Kaur SPE-102-304 March 26th‚ 2013 Cell Phone Usage During School Time A survey done in 2010 revealed that 84% high school students and 60% of middle school students owned a cell phone (Engel). This is truly a large body of students that are constantly messaging each other about everything there is to talk about. Most of this communication is harmless. However‚ sometimes this constant attachment to the cell phone can cause significant problems‚ especially in learning environments such
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1. When a good or service satisfies wants‚ we say that it provides: A. utility maximization. B. opportunity cost. C. revenue potential. D. utility. 2. Refer to the above data. The value for Y is: A. 25. B. 30. C. 40. D. 45. 3. Refer to the above data. The value for X is: A. 15. B. 5. C. 55. D. 10. 4. Refer to the above data. The value for W is: A. 15. B. 20. C. 25. D. 30. 5. Refer to the above data. The value for Z is: A. -5. B. +5. C. -10. D. zero. 6. A product
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The Perils and Promises of Praise In her article‚ “The Perils and Promises of Praise‚” Carol Dweck provides a lot of research to prove her claims that student praised for being wise‚ which according to Carol many educators belief that it will build confidence and further motivate students’ to learn‚ is untrue‚ whereas students praised for effort (works-hard ) get a boost in their performance. Indeed‚ the author has a reasonable point‚ I strongly agreed with her assessment that by giving students’
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Which of the five moral dimensions on the information system identified in this text is involved in this case? My conclusion in this case is that people have the right and freedom for acting as they want (in this case texting while driving) but at the same time they have the obligation to consider the lives of other people that have the immeasurable right to be safe and sound while driving. Therefore‚ when drivers get involved in car accidents they must be held accountable and liable for the harm
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on April 12th 1999 as part of the Millennium. Wiesel’s speech touched the story of survival as well as points about indifference and his opinion and feelings about it. As he explains "Indifference is always the friend of the enemy‚ for it benefits the aggressor/ never its victim‚ whose pains magnified when he or she feels forgotten" (Wiesel 2). This quote means that indifference is always the friend of the enemy. The lack of interest or sympathy for the victims will create even worse
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in order to decrease lawsuits and increase productivity‚ have purchased email monitoring software to track email usage during work hours. Therefore‚ with the onslaught of email monitoring‚ is a private email really private? In NetworkWorld’s The Perils of Privacy‚ Sharon Gaudin discusses the benefits of a company having a well-defined email policy. She provides the pros and cons of whether a company should invest in an email monitoring system. According to Gaudin‚ companies
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In Promise and Peril: America at the Dawn of Global Age‚ Christopher McKnight Nichols challenged traditional historiography regarding the emergence of isolationism in the United States which argues that the era after World War I provided the catalyst for Americans to question global interaction‚ especially militarily. However‚ the author positions the concept of isolationism within its proper framework; advocates of isolation did not desire complete withdrawal from the rest of the world but instead
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Sharenting is the recurrent use of social media to post photos or news of one’s children. Adrienne LaFrance‚ the editor of TheAtlantic.com‚ wrote an article called “The Perils of Sharenting‚” which goes in depth into this subject. The article reveals the dangers that comes with parents posting innocent photos and news online about their children. Her purpose for writing this is to spread awareness regarding the terrors of sharenting; such as: stolen identities‚ digital kidnapping‚ and pedophiles
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1. Economies of Scale. If the firms produces in an industry with very high fixed costs‚ consumers can benefit from a large firm which can exploit economies of scale. Economies of scale lead to lower long run average costs and therefore give the potential of lower prices. Example: Would you want several firms providing tap water? Would it make sense to have 2-3 companies laying a network of water pipes and sewage systems across the country? No. It is better to have 1 firm. This is an example of
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