CONSUMER THEORY I Consumer theory – deals with how a consumer chooses the best bundle of goods he/she can afford. BUDGET CONSTRAINT To know which bundle of goods a consumer can afford‚ we have to look into the consumer’s budget constraint. We first assume that there are only two goods‚ say good x1 and x2. A consumer can choose from bundle A (3‚ 2) – 3 units of good 1 and 2 units of good 2; bundle B (6‚ 5) – 6 units of good 1 and 5 units of good‚ so forth. Given the price of good 1 (p1)‚
Premium Consumer theory
COHN(c) a bstraCt Many health care and academic centers have adopted Watson’s Theory of Human Caring as their guiding principle; the theory is also used in other disciplines‚ such as library science. Human caring theory offers occupational health nurses a structure that not only defines a focus for practice‚ but also provides a basis for moral and philosophical practice analyses. In particular‚ nurses may find this theory useful in confirming the definition of “caring” and reconsidering what nursing
Premium Nursing Health Public health
ethics. Ethics is what we know of what is right and wrong in life. There exists several types of ethics beliefs but in this case the Virtue Theory‚ Utilitarianism‚ and Deontological theories will be described and compared because each one of these ethics has many differences. Virtue Theory The Virtue Theory is known as virtue of ethics‚ in this theory the focus is on a person characteristics instead of rules or consequences of specific actions. The main focus is when a person is acting with
Premium Ethics Morality Philosophy
The two theory that can be applied to this case is rights theory and virtues theory. However‚ both of these two theories lead to different ethical outcomes. While rights theory supports the sex robots being made and used by consumers‚ virtue theory goes against the selling and product of sex robots giving the standard argument that lewdness feeds on itself. First‚ virtue theory does not support the uses of sex robots. Virtue theory allows us to develop good moral characters. Some virtues that may
Premium Prostitution Sexual intercourse Human sexuality
: steady state theory dust cloud theory pulsating theory In cosmology‚ the Steady State theory (also known as the Infinite Universe theory or continuous creation) is a model developed in 1948 by Fred Hoyle‚ Thomas Gold‚ Hermann Bondi and others as an alternative to the Big Bang theory (known‚ usually‚ as the standard cosmological model). In steady state views‚ new matter is continuously created as the universe expands‚ so that the perfect cosmological principle is adhered
Premium Physical cosmology Universe Solar System
TRICHROMATIC THEORY AND THE OPPONENT-PROCESSING THEORY BY EMPHASIZING ON THE SIMILARITIES AND DIFFERENCES. “How do our eyes and brain allow us to perceive colors?” To begin with‚ Color vision is the capacity of an organism to distinguish objects. Many scientists have asked the mentioned above question and hence they have put forward two theories to explain the process of color vision. These two theories were known as The Trichromatic Theory of Vision and The Opponent-Processing Theory of Vision
Premium Color Eye Light
Topic: Rational Choice Theory Rational Choice Theory With the exception of a person who has a severe mental disability‚ every human thinks and weighs out the benefits and the consequences of a crime they are about to commit. People do not get as much credit for committing a crime as they should and this can result in getting a lesser punishment. Rational choice theory states that law violating behavior is the result of carful thought and planning. This theory has been used by many scientists
Premium Crime Criminology Rational choice theory
Conflict/Marxist Theory –Vold distinguishes between Marxist and Conflict perspectives‚ and lumps "post-modern" perspectives in with Conflict. Explain the differences between these two "critical" views of crime‚ particularly on the issue of social power (be sure to include Sellin‚ Vold‚ Quinney‚ Black‚ Chambliss & Seidman). How does one go about "testing" conflict theory? What‚ according to Vold et. al are the limitations of Conflict Theory? Finally‚ Post-Modern theory suggests that "domination"
Premium Marxism Karl Marx Sociology
Leadership Theory and Administrative Behavior: The Problem of Authority Author(s): Warren G. Bennis Reviewed work(s): Source: Administrative Science Quarterly‚ Vol. 4‚ No. 3 (Dec.‚ 1959)‚ pp. 259-301 Published by: Johnson Graduate School of Management‚ Cornell University Stable URL: http://www.jstor.org/stable/2390911 . Accessed: 03/04/2012 22:56 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms
Premium Leadership Organizational studies
The earliest contributors to our understanding of management theory include practising managers and social scientists. More recent theorists have tended to be academics or management consultants. The early the early theorists can be divided into two main groups- the practising managers‚ such as Taylor and Fayol‚ and the social scientists‚ such as Mayo and McGregor. The Classical Theories The classical management theory is a school of management thought in which theorists delved into how to find
Premium Management Sociology Scientific method