Tutorial Set 1 PREFERENCES 1. A basic assumption about consumers in microeconomics is that they have preferences over different baskets of goods. Explain the concepts: “preference”‚ ‘preference order”‚ and “basket of goods”. 2. a) If there are only two goods‚ it is possible to illustrate a consumer’s preferences over them with an indifference map. Draw an indifference map with three indifference curves. b)There are a few standard assumptions about what an indifference map can and cannot look like
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Talk about a day in your life when you felt really happy “Death is not the greatest loss in life. The greatest loss is what dies inside us while we live.” ~Norman Cousins “What is happiness?” What a completely dense and loaded question this is. If I were to write a paper about happiness‚ I would then need to operationally define happiness in terms that allowed everyone to understand what I was referring to. The problem with this‚ however‚ is that we then merely repeat the best definition we come
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HOW TO BE YOURSELF 1. Find yourself and define yourself on your terms Yet‚ you can’t be yourself if you don’t know‚ understand yourself first. It should be your primary goal to find this out. Find the time to dwell upon what you value and take time to consider what makes up the essence of who you are. As part of this‚ contemplate your life and choices. Try to think about what kinds of things you would or wouldn’t like to do‚ and act accordingly;
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The skies were remarkably dark for even a monsoon day in Mumbai. I checked my clock there were just another 15 minutes to the lecture. After the lecture‚ I and my friend Sahil left for Matunga station to take a local train home. Now my college is about 15 miles from where I stay and we usually travelled by the local trains to and fro. As expected‚ the trains were delayed because of the monsoons. More than an hour and there were still no trains. Finally there was announcement that the trains have
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As humans we unconsciously learn life lessons every day of our lives. Some of the lessons could’ve been taught by teachers or by parents. No matter what‚ there will always be certain life lessons we carry with us for the rest of our lives. Majority of the life lessons I learned happened to come from my eleven years of playing hockey. Most people would read that and think I’m crazy that hockey could possible teach me about the hardships of life and how to handle it. But I’m not as crazy as most
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NYRR Short Answers 12. Do you consider yourself an athlete? Why or why not? An athlete is an individual who actively engages in sports‚ which I rarely do. Although I am aware of the benefits of exercise‚ it is not a large component of my lifestyle. The only time I am actively exercising is during my physical education class at school during Tuesday and Thursday mornings. Badminton and volleyball are the only sports I am fairly good at. However‚ I do not have the time or equipment to engage in these
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Have you ever thought how much someone can grow and learn through the experiences? There are many factors in how people can change their personality; their way of thinking and every day grow more as a person. Life is too complex to understand‚ it is better to live and enjoy each day to the fullest that it is where you learns more. In my opinion‚ I believe in what my mother says‚ "Everyone must go through their own experiences and learn from their own mistakes". I personally have changed a lot as
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suffering. It is only when the hero gains enough wisdom that she allows him to return to Ithaca and reclaim his domain. The first lesson is taught to Odysseus by the hostility of Polyphemus. His experience teaches him that the world is not the same in all places. On the Cyclopes ’ island‚ Odysseus assumes xenia even though he does not know the lay of the land or anything about its inhabitants. Upon setting foot in Polyphemus ’ cave‚ he and his men almost immediately begin feasting on the cyclops ’ milk
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Psychology 201 Section 4 What Shamu Taught Me About Life‚ Love‚ and Marriage My feelings toward this self-help book are that I was unaware that a person could “train” another human being‚ similar to what an animal trainer does to exotic or everyday animals. I felt that the author‚ Amy Sutherland‚ wrote this self-help book to explain and give advice on how to “train” another person to do what you want them to do; without nagging or verbally demanding what you want them to do. I also felt that the
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It was the Summer of 2007 and I had work to do. Not the type of work where you clock in‚ do your job‚ and clock out. This was a different type of work‚ the type that is only rewarding to you‚ through yourself. I had done mission work before through my church‚ but this was different. For the 2007 Rebuild a Community trip‚ we decided to go to the ghetto of Atlanta Georgia to help out with community needs. These needs ranged from repainting schools‚ to essentially rebuilding houses‚ lucky for me‚ I
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