“If one thing got broken, expect chnages.
it would never be the same anymore..
it”s either better or worse..”
If love is a game..
for sure..
“REMATCH” ang sigaw ng mga di makamove on .,
crying alone is really better than laughing with people who PRETEND THEY LIKE YOU..
life is:
”..TO EXPRESS YOURSELF NOT TO IMPRESS OTHERS..”
Sometimes, the best way to stay close to someone you love is by being JUST A FRIEND,
-
-
nothing more , nothing less.
so close yet so far :{
In economics, utility is a measure of satisfaction, referring to the total satisfaction received by a consumer from consuming a good or service[1] but also referring to satisfaction received by its contingent production relations[2].
In economics, the marginal utility of a good or service is the gain (or loss) from an increase (or decrease) in the consumption of that good or service.
Definition of ‘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.
The solution to the consumer’s problem, which entails decisions about how much the consumer will consume of a number of goods and services, is referred to as consumer equilibrium.
In economics, demand is the desire to own anything, the ability to pay for it, and the willingness to pay[1] (see also supply and demand). The term demand signifies the ability or the willingness to buy a particular commodity at a given point of time.
In economics, demand is the desire to own anything, the ability to pay for it, and the willingness to pay[1] (see also supply and demand). The term demand signifies the ability or the willingness to buy a particular commodity at a given point of time.
In economics, the demand curve is the graph depicting the relationship between the price of a certain commodity, and the amount of it that consumers are willing and able to purchase at that given price. It is a graphic representation of a demand schedule.[1] The demand curve for all consumers together follows from the demand curve of every individual consumer: the individual demands at each price are added together.
In consumer theory, an inferior good is a good that decreases in demand when consumer income rises, unlike normal goods, for which the opposite is observed.[1]Normal goods are those for which consumers’ demand increases when their income increases. [2] This would be the opposite of a superior good, one that is often associated with wealthy, whereas inferior is often associated with lower socioeconomic groups.
A substitute good, in contrast to a complementary good, is a good with a positive cross elasticity of demand. This means a good’s demand is increased when the price of another good is increased.
In economics, a complementary good is a good with a negative cross elasticity of demand, in contrast to a substitute good.[1] This means a good’s demand is increased when the price of another good is decreased
A change in quantity demanded is a change in the specific quantity of a good that buyers are willing and able to buy. This change in quantity demanded is caused by a change in the demand price. It is illustrated by a movement along a given demand curve
Definition of ‘Change In Demand’
A term used in economics to describe that there has been a change, or shift in, a market’s total demand. This is represented graphically in a price vs. quantity plane, and is a result of more/less entrants into the market, and the changing of consumer preferences. The shift can either be parallel or nonparallel.
Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price. More precisely, it gives the percentage change in quantity demanded in response to a one percent change in price (holding constant all the other determinants of demand, such as income).
In economics, elasticity is the measurement of how changing one economic variable affects others.
Definition of ‘Inelastic’
An economic term used to describe the situation in which the supply and demand for a good are unaffected when the price of that good or service changes.
Unit elastic means that any change in price causes an equal proportion change in quantity. Quantity changes are matched by price changes. More specifically, the percentage change in quantity is equal to the percentage change in price. Unit elastic demand occurs when buyers can choose from among a modest number of substitutes in the consumption of a good.
Perfectly elastic means an infinitesimally small change inprice results in an infinitely large change in quantity demanded or supplied.
Perfectly inelastic means that quantity demanded or supplied is unaffected by any change inprice. In other words, the quantity is essentially fixed.
Total revenue is the total receipts of a firm from the sale of any given quantity of a product. Total expenditure is an economic term used to describe the total amount of money that is spent on a product in a given time period. This amount is achieved by multiplying the quantity of the product purchased by the price at which it was purchased.
Total expenditure is an economic term used to describe the total amount of money that is spent on a product in a given time period. This amount is achieved by multiplying the quantity of the product purchased by the price at which it was purchased.
