Economics Marginal Rate of Substitution (MRS) is the rate that an individual is ready to give up from "good A" to obtain one or more unit of "good B" while keeping the overall utility constant. In other words, MRS reveals how many units of good x that an individual is ready to give up to gain extra unit of good y while keeping the same level of utility constant. The MRS

Macro-economic Indicators of Performance and How Recent Changes in Indicators Have Affected Performance of Organization To grow and profit despite a ruthless recession, PetSmart follows and consults certain macroeconomic indicators that regulate and direct its objectives and performance. One of these is the Consumer confidence Index (CCI) . The CCI helps PetSmart gauge spending patterns of the market and assess how the economy is growing in general and if it is predicted

Government Subsidized Student Loans Have Economic Costs but Political Benefits Higher education has become increasingly important in the contemporary world scenario today where globalization has led to a higher need for a skilled labor force that is mobile and that is well-versed in the academic disciplines followed all over the world. In fact university education is starting to be seen as a hallmark for success, even though there are college drop

Tail Economics Book Analysis: The long tail. How endless choice is creating unlimited demand In the past, economics' was dominated by vendors that sold a large quantity of only one or two items. The Internet has changed the shape of product offerings. The new economic model, first made popular by Chris Anderson in an article published in Wired magazine, examines the new economic model. This model is based on each vendor

Fama French Difference between FF and Markowitz Portfolio Theory Fama-French Three Factor Model Eugene Fama and Kenneth French designed Fama-French three factor model to describe stock returns. Fama -- French model uses three variables. They added two factors to CAPM: r = RF + ?3 (Km -- Rf) = bs . SMB + bv . HML + ? r = portfolio's rate of return, RF = risk-free return rate, and KM = return of the whole stock

Accepting Client Assignments Outstanding client service begins with a full understanding of the client organization, its business needs and the position to be filled. An AESC member should: Accept only those assignments that a member is qualified to undertake on the basis of the member's knowledge of the client's needs and the member's ability to perform the specific assignment. Disclose promptly conflicts of interest known to the AESC member and accept assignments only