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Category Archive: Economy
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Marginal Profit
In microeconomics, marginal profit is the term used to refer to the difference between the marginal cost and the marginal revenue for producing one additional unit of production. Under the marginal approach to profit maximization, to maximize profits, a firm should continue to produce a good or service until marginal profit is zero.
Excess of marginal revenue over marginal cost. If at an output level marginal revenue is equal to the marginal cost (MR = MC), the marginal profit is zero. This is the most profitable rate of output because all opportunities to make marginal profit have been exhausted. If at an output level the marginal revenue is less than the marginal cost, there will be marginal loss and total profit will be reduced.
% P = P/BP *100 % – percentage P – profit P/BP – fraction BP – buying price * 100 – times one houndred (you have to be given the buying price and the selling price to work out the percentage profit) REMEMBER TO CANCEL DOWN THE FRACTION! hope it helps
End User Computing
Before you want to know more about End User Computing, I suggest you should better Read What is End User and End User License Agreement.According to Wikipedia,In computing, End User Computing (EUC) refer to systems in which non-programmers can create working applications.[1] EUC is a group of approaches to computing that aim at better integrating end users into the computing environment. These approaches attempt to realize the potential for high-end computing to perform in a trustworthy manner in problem solving of the highest order
Using a computer at the application level. The term end-user is used to distinguish the person for whom the product was designed from the person who programs, services, or installs the product. Developers working on a personal computer in a professional capacity, for example, are not considered end-users.
End User Computing Trend
The historical view regarding end users is being eroded by the internet and wireless communication, where the traditional end user is able to actively contribute and add value to the computer system. wikis are one example where end users provide the content and free the webmaster to manage the site. Another example within the computer field is free software, where end users can engage in all aspects of software development, from feature requests, through testing and reviews, to usability, documentation, and distribution. Music, pictures, and documents are remixed and edited to satisfy personal taste and demand. The consequence is that many countries and industries have been slow or unwilling to adjust to this emerging society, but some have seen the potential and are exploring economic possibilities.
Another trend is where users specify, and even develop, rules that may be fairly normal relationships (SQL) or be hard-core numerical processes that may require attention being given to serious computational characteristics, such as ill-conditioning, parallelisms. and similar issues of an ongoing nature.
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End User Wiki
End-user computing is altering the fundamental nature of computer applications and the way such applications are being developed. By the mid-1990s, 50 percent of data processing budgets may be allotted to end-user computing (EUC); and the number of personal computers and workstations manned by white-collar workers is expected to rise to 70 percent or higher.
duct. The end-user or consumer may differ from the person who purchases the product. For instance, if a zookeeper purchases elephant food the purchaser of the product is different than the end-user (the elephant) of that product.
An end-user of a computer system is someone who operates the computer, as opposed to the developer of the system who creates new functions for end-users.
Tagged End User, End User Computing
End User License Agreement
EULA is Short for End-User License Agreement, the type of license used for most software. An EULA is a legal contract between the manufacturer and/or the author and the End User of an application. The EULA details how the software can and cannot be used and any restrictions that the manufacturer imposes (e.g., most EULA??s of proprietary software prohibit the user from sharing the software with anyone else)
Some EULA form contracts accompany shrink-wrapped software that is presented to a user sometimes on paper or more usually electronically, during the installation procedure. The user has the choice of accepting or rejecting the agreement. The installation of the software is conditional to the user clicking a button labelled “accept”. See below.
Many EULAs assert extensive liability limitations. Most commonly, a EULA will attempt to hold harmless the software licensor in the event that the software causes damage to the user’s computer or data, but some software also proposes limitations on whether the licensor can be held liable for damage that arises through improper use of the software (for example, incorrectly using tax preparation software and incurring penalties as a result). One case upholding such limitations on consequential damages is M.A. Mortenson Co. v. Timberline Software Corp., et al. Some EULAs also claim restrictions on venue and applicable law in the event that a legal dispute arises.
The EULA also is often referred to as the software license or user license.
A software license agreement is a contract between the “licensor” and purchaser of the right to use software.Software licensing is a contract of agreement between the software publisher and the end user, sometimes referred to as the End User License Agreement, or EULA. Though software licensing can be a paper agreement, it is most often imbedded in the software itself as part of the installation process. If the user does not agree to the software licensing terms, he or she can indicate so with a click. This aborts the installation process. In most cases, end users click in agreement whether they actually read the license or not.
user license
Although HIPR can be run directly from the installation CD, the package is intended for local area network use. If you wish to use HIPR in a networked configuration, a site license must be purchased from the Publisher. The license restricts the range of access to a specified site. It is prohibited to make HIPR available over the WWW outside the licensed site.
A site is defined as a single academic department of a university, college or other school of learning, where all taught courses fall within a single subject discipline. A license for networking the product by multiple academic departments or by a commercial organization is available on application. There is no limit to the number of users at a licensed site or to the term of the site license.
End User
Economics and commerce define an end-user as the person who uses a product. The end-user or consumer may differ from the person who purchases the product. For instance, if a zookeeper purchases elephant food the purchaser of the product is different than the end-user (the elephant) of that product.
An end-user of a computer system is someone who operates the computer, as opposed to the developer of the system who creates new functions for end-users.
In contracts, the term ‘end-user’ becomes a legal construct referring to a non-reseller. This definition characterizes the store the zookeeper bought food from as a non-end-user, but the zookeeper as an end-user. This legal construct most often appears in End User License Agreements, also known as EULAs.
The final or ultimate user of a computer system. The end user is the individual who uses the product after it has been fully developed and marketed. The term is useful because it distinguishes two classes of users, users who require a bug -free and finished product (end users), and users who may use the same product for development purposes. The term end user usually implies an individual with a relatively low level of computer expertise. Unless you are a programmer or engineer, you are almost certainly an end user.
Books About End User at Amazon.com
Book Name: Amazon’s EndUser Blog
We editors get to spend a lot of time around cool toys, but when it comes to the Amazon.com site, we like to let the customers do the talking. End User is our space to talk about and share with you the stuff that makes us excited about electronics. While our focus is mainly on gadgets–that is, portable electronics you can hold in your hand such as iPods, GPS, cell phones, etc.–we’re also branching out to cover new things like home audio, computers and software, and more. Basically anything with a current in it is fair game. “Kindle blogs are fully downloaded onto your Kindle so you can read them even when you’re not wirelessly connected. And unlike RSS readers which often only provide headlines, blogs on Kindle give you full text content and images, and are updated wirelessly throughout the day”
Engel’s law
Engel’s law is an observation in economics stating that, with a given set of tastes and preferences, as income rises, the proportion of income spent on food falls, even if actual expenditure on food rises. In other words, the income elasticity of demand of food is between 0 and 1.
The law was named after the statistician Ernst Engel (1821–1896).
Engel’s Law doesn’t imply that food spending remains unchanged as income increases: It suggests that consumers increase their expenditures for food products (in % terms) less than their increases in income.
Engel’s Law states that household expenditures on food in the aggregate decline as income rise; in other words, the income elasticity of demand for food in the aggregate is less than one a decline toward zero with income growth.
One application of this statistic is treating it as a reflection of the living standard of a country. As this proportion or “Engel coefficient” increases, the country is by nature poorer, conversely a low Engel coefficient indicates a higher standard of living.
Engel’s law History
An economic theory introduced in 1857 by Ernst Engel, a German statistician, stating that the percentage of income allocated for food purchases decreases as income rises. As a household’s income increases, the percentage of income spent on food decreases while the proportion spent on other goods (such as luxury goods) increases.
For example, a family that spends 25% of their income on food at an income level of $50,000 will spend $12,500 on food. If their income increases to $100,000, it is not likely that they will spend $25,000 (25%) on food, but will spend a lesser percentage while increasing spending in other areas.
Ebooks about Engel’s Law
Book Name:Using Engel’s Law to Estimate CPI Bias
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