Dilla University Department of Economics Introduction to economics Assignment for Natural science students (20%) 1. What is consumer preference? What is the meaning of utility? Explain them. 2. What are the two approaches of utility? Explain them with their assumptions. 3. What are total utility and marginal utility? Explain them. 4. What is the law of diminishing marginal utility? Explain it by using example
The research investigation the presence of moral hazard in Nigerian Health Insurance Scheme using Nasarawa state civil service. Descriptive research design was employed and the result revealed the presence of moral hazard.
SUMMARY Meaning of Service Sector The service sector refers to the portion of the economy that provides intangible goods or services rather than tangible products. It encompasses a wide range of industries and activities that focus on meeting the needs and preferences of individuals and businesses. The service sector deals with activities that are often knowledge-based, information-driven, and oriented toward customer satisfaction. Examples of service sector activities include financial S...
The Assignment/paper is a discussion on how competition in Oligopoly could be seen as COLLUSIVE.
The present article exclusively focused on the relationship holding between conflict and consumer’s cost of living, as exemplified by recent global occurrences. As shall emerge hereafter, conflict often triggers high cost of living as was evident after Russians invasion of Ukraine early this year. The result was high price increases for consumers globally, as the supply chain matrix for essential commodities was interrupted.