Everyday people make decisions that affect themselves and other parties. This essay will discuss if people are rational and if people are reasonable. In particular will be focusing on whether people are rational in the economist’s sense‚ and‚ reasonable in the lawyer’s sense and whatever the outcome‚ does it matter? It is an important matter as peoples actions have effects‚ externalities on others‚ on third parties and it is significant to understand why people act the way they do and comprehend
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THE ACCOUNTING EQUATION The accounting equation can be described as of the basis of accounting. This is because it describes the double entry principle of book-keeping. It is a representation of how funds are raised to finance Assets. The equation is illustrated below: Asset = Capital + Liabilities For example‚ a girl needs to buy a laptop costing £500. She already had £250 in personal savings and then took a loan of £250 from her boyfriend. Here is the equation again: Asset Capital
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of his age‚ thanks to his book‚ al-Kitab al-mukhtasar fi Hisab al-jabr w’al-muqabala‚ (a book showing how to solve equations and problems derived from ordinary life) which means “The Compendious Book on Calculation by Completion and Balancing”‚ which later evolved into algebra‚ was the first written text on the subject. In al-Khwarizmi’s time‚ algebra was a practical system for solving all kinds of problems “in cases of inheritance‚ contracts‚ surveying‚ tax collection‚ legacies‚ partition‚ lawsuits
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The Maxwell equations Introduction:- One of Newton’s great achievements was to show that all of the phenomena of classical mechanics can be deduced as consequences of three basic‚ fundamental laws‚ namely Newton’s laws of motion. It was likewise one of Maxwell’s great achievements to show that all of the phenomena of classical electricity and magnetism – all of the phenomena discovered by Oersted‚ Ampère‚ Henry‚ Faraday and others whose names are commemorated in several electrical
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Are consumers rational? Introduction Last couples of decades have witnessed the change of emphasis on study of consumers behaviour. Nowadays it is universally acknowledged that consumers behaviour has gradually transformed from rational buying to progressively impulsive purchase (Holbrook & Hirschman‚ 1982). Individuals’ perspectives towards commodities were no longer merely a concentration on utilitarian functions‚ instead‚ social and psychological utilities have become a significant yardstick
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CHEMISTRY TOPIC 11 CHEMICAL CALCULATIONS CHEMICAL CALCULATIONS INTRODUCTION The first part of this ‘Chemical Calculations’ topic will help us to work out QUANTITIES involved in a reaction; For example‚ a manufacturer might want to know‚ How much ammonia will I produce from 20 tonnes of nitrogen in the Haber Process? To do these calculations you will need to be familiar with the term Ar (relative atomic mass)‚ Mr‚ Molar mass and Mole. Relative Atomic
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velocity of the stream using Equation 1. (Eqn. 1) Where is the flowrate in m3/s and A is the cross-sectional area of the pipe. To find the flowrate‚ we multiply the flowmeter reading by the constant and convert from gallons to cubic meters as follows: The cross sectional area of the 7.75mm pipe is Plugging these values into Equation 1‚ we obtain a bulk velocity . With the bulk velocity value‚ we can find the Reynolds number of the flow using Equation 2. (Eqn. 2) Plugging
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Pedram Ghodrati Math Why do we have to learn algebra? Math is an academic subject which many students struggle to master. I remember when I was in high school‚ I always had a hard time understanding math. In senior year I almost dropped out of school because of the difficulty of high levels of math classes. I just read an article called‚ “Is Algebra Necessary?” by Andrew Hacker‚ an American political scientist and public intellectual. He is currently Professor Emeritus in the Department of Political
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The media equation is a theory developed by two professors of communication‚ Byron Reeves and Clifford Nass‚ at Stanford University. The theory is simple. They state that people treat the media as if they were real‚ hence the equation: media = real life. Basically Reeves and Nass are saying that people on an unconscious level perceive the media as real. People view objects of the media are talking to them personally. Reeves and Nass view things such as computers‚ televisions‚ radios‚ and other
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Calorimetry Equations Monday‚ October 28‚ 2013 12:00 PM TOOL BOX q=mc∆T Water sp. Heat Calorimetry : the measurement of energy (calorie) Calorimeter : tool used to measure energy by Measuring the change in temperature Equation : q=mc∆T What is the difference between Calorimetry and Calorimeter? Quantity of Energy (Cal.) Mass (g) Specific heat (given) (Cal/g) Change in temperature (℃ ) (End-short) What is the dance that we learned
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