ONSUMER EQUILIBRIUM CARDINAL AND ORDINAL UNIT 5 CONSUMER EQUILIBRIUM: CARDINAL AND ORDINAL APPROACHES Structure 5.0 Objectives 5.1 Introduction 5.2 Cardinal utility approach to consumer behaviour 5.3 The law of eventual diminishing marginal utility 5.4 Consumer’s equilibrium 5.5 Basis of law of demand in the cardinal approach 5.6 Consumer’s surplus 5.7 The ordinal utility approach to consumer behaviour: the indifference curve approach 5.8 Consumer’s budget constraint 5.9 Consumer’s
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Conflicts in "Merchant of Venice" occur as a result of four major life themes: love‚ money‚ prejudice and disguise. Shylock‚ the Jewish moneylender is usually‚ and somewhat unjustly‚ held responsible for many of these conflicts. Though Shylock’s behaviour is‚ in many ways‚ evil‚and should by no means be exonerated‚ the conflicts he does cause are most often merely his vengeful attempt to respond to the prejudices he has experience caused by his religion. In the time of Shakespeare‚ prejudices were
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In Shakespeare’s edgy and suspenseful play‚ “The Merchant of Venice”‚ the character of Shylock may evoke complex feelings within the reader. Shylock is clearly a villain in the sense that he takes repeatedly takes advantage of people in vulnerable economic situations and makes a handsome living in this way. He is not an inherently likeable character throughout “The Merchant of Venice” by Shakespeare; he avoids friendships‚ he is cranky‚ and he is steadfast in his beliefs to the point of being rigid
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Themes in ‘The Merchant of Venice.’ 1. The nature of love‚ marriage and friendship. ▪ Shakespeare’s romantic comedies usually lead up to and end with marriages‚ including one noble marriage and this is true in this text. The suitor loves and serves his lady; but after marriage the wife loves and serves the husband. As soon as Bassanio has chosen rightly‚ Portia calls him Lord: ‘her Lord‚ her governor‚ her king‚’ (Act 3‚ scene 2) adding ‘Myself‚ and what is mine‚ to you and yours / Is now
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The Merchant of Venice - of Shylock Shylock was mistreated by Christians in particularly Antonio before they entered into their bond. It is understandable that this would be‚ because Jews were mistreated by the Christians and that’s just the way it was during those times. The Jews were segregated and forced to live in a ghetto and were abused by the Christians. It is know wonder that when Shylock was presented with an opportunity to reciprocate‚ he would. However‚ Shylock also did his fair
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suspenseful play‚ “The Merchant of Venice”‚ the character of Shylock may evoke complex feelings within the reader. Shylock is clearly a villain in the sense that he repeatedly takes advantage of people in vulnerable economic situations and makes a handsome living in this way. He is not a likeable character throughout “The Merchant of Venice” by Shakespeare; he avoids friendships‚ he is cranky‚ and he is steadfast in his beliefs to the point of being rigid. Shylock in “The Merchant of Venice” shows his tendency
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Jessica in The Merchant of Venice In The Merchant of Venice‚ Shakespeare introduces his audience to the multi dimensional character of Jessica. Jessica is identified as the daughter of a Jewish Merchant but the audience learns she is much more than that. As the play moves along and Jessica marries a Christian man‚ Jessica’s identity as a Jewish woman is challenged. Although a minor character in the play‚ she is important because she makes the audience question what it means to be Jewish and therefore
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The Role of Prejudice In The Merchant of Venice This paper discusses the subject of prejudice in the William Shakespeare play‚ The Merchant of Venice. I. Introduction William Shakespeare’s satirical comedy‚ The Merchant of Venice‚ believed to have been written in 1596 was an examination of hatred and greed.The premise deals with the antagonistic relationship between Shylock‚ a Jewish money-lender and Antonio‚ the Christian merchant‚ who is as generous as Shylock is greedy‚ particularly
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The Merchant of Venice is a comedy written by Shakespeare‚ but it is arguable that it can also be called a tragedy. A dictionary meaning of a tragedy is‚ “a drama or similar work‚ in which the main character is brought to ruin or otherwise suffers the extreme consequences of some tragic flaw or weakness of character.” Shylock is a main character and succumbs to the tragic flaws he possesses. This play introduces Shylock‚ a Jew fighting against Christian society. Although Shylock is depicted in the
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it is present today‚ centuries later. In Shakespeare’s time‚ Jews were a typical target of discrimination by Christians. As a result of constant Christian torment and humiliation‚ many Jews spurned the Christians. If given the opportunity‚ many Jews would retaliate against Christians with the same treatment Christians submitted them to. In William Shakespeare’s play‚ "The Merchant of Venice‚" this opportunity arises for one particular Jew‚ Shylock. Shylock stirs up a range of emotions in the audience
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