Utility Maximizing Rule The consumer’s money income should be allocated so that the last dollar spent on each product yields the same amount of extra (marginal) utility. How should the $10 income be allocated? UTILITY MAXIMIZING COMBINATION Algebraic Restatement of the Utility Maximization Rule MUx/Px = MUy/Py = MUz/Pz 8 utils$1=16 utils$2 MARGINAL UTILITY-PRICE RATIO: The ratio of the marginal utility obtained from consuming a good to the price of the good. This ratio is particularly
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The rule in Rylands and Fletcher Consider the potential liability in tort for the loss sustained by Paul in the situation above.How successful might any defences be? The tort in Rylands v Fletcher(1868) came into being as a result of the Industrial Revolution which took place during the eighteenth century.In Rylands v Fletcher(1868)‚ the defendant‚ a mill owner. Had paid independent contractors to make a reservoir on his land‚ which was intended to supply water to the mill.During the construction
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Rules: 1) Each team consists of 11 players on field with 3 substitutions allowed per team. No rolling subs will be allowed. 2) Every team has to be in the field on the assigned time. The team who is late by more than 15 minutes will be automatically disqualified giving their rivals a walk over win by 3 goals to 0. 3) Captain will be responsible to maintain discipline among his team. 4) Referee’s decision will be full and final and no player has the right to argue with the referee
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people who are in business or the people who have their own business have to know about records management procedures enforced by governments around the world. For example‚ in the book “Intensive Records Management“ by >>>>>‚ we can learned about the rules of records management and the legal procedures that apply to it. Records management is important because of its ten most important reasons: to control the creation and increase of files or records‚ to reduce working costs‚ to improve the competence
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organizations (HPOs). Right at the intersection of those would be the “Ten Golden Rules of High Performance” listed below. What do you think should be added to the list? Is there anything on the list that you disagree with? Please support your opinion with evidence from our readings and also from your own work and life experience. Please also remember to respond to your classmates’ posts to stimulate further discussion. Ten Golden Rules of High Performance Organizational Dynamics The future of every organization
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"The Cider House Rules" DESCRIPTION (supplied by the customer): The Doctor offers 2 incongruous services ... how can these services coexist? Answer the following questions: What is the moral dilemma posed in the story? A Birth occurs in the story ... how does this affect the main character’s view? What happens to change the main characters view? What are the Cider House Rules and what are they a metaphor for? Who broke the Cider House Rules? What is the moral of the story? What does it mean to be
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memory in my head as if it was happening right then and there. having a room is considered to be one of the most important things in my life that i have to have. In my room i can do what ever i want espically getting away from my brothers and sisters who annoy me 24/7. My room is very organized and has a set of rules imprinted in the door: 1. Knock please. Or will be banned from entering my room. 2. Take your shoes off and set them by the door 3. Enter with a smile. 4. No food or drinks in my
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LORETO CONVENT MOMBASA PRIMARY SCHOOL RULES AND REGULATIONS “To enable the fullest possible personal growth‚ Loreto education gives priority to the integration of the spiritual‚ intellectual‚ moral‚ physical and emotional development of the individual pupil. Relationships within Loreto education are characterized by respect‚ justice‚ honesty‚ sincerity‚ courage and compassion”. Enrolment in Loreto implies on the part of the pupil and parents willingness to
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Legal rules as to consideration: 1) Consideration must move at the desire of the promisor: the act done or loss suffered by the promise must have been done or suffered at the desire or request of the promisor. The act done at the desire of a third party or without the desire of the promisor cannot be a good consideration. It is not necessary that the promisor himself should be benefited by the acts of the promise. The benefit may be intended for a third party. But the desire or request
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Badminton rule book Rules and regulations Of badminton Regulations The court A badminton court is used for both singles and doubles matches but the ruling on the boundary’s court you are allowed to use will vary depending on if you are playing doubles or singles. The singles court is 13.4m x 5.18m making the playing area = 69.41m² including boundary lines and the doubles court is 13.4m x 6.1m‚ making the playing area = 81.74m² including boundary lines. However when setting up a badminton
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