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This page compares the properties of several typical utility functions of divisible goods. These functions are commonly used as examples in consumer theory . The functions are ordinal utility functions, which means that their properties are invariant under positive monotone transformation .
A naive way to determine the preferences is asking each partner to supply a numeric value for each possible bundle. For example, if the items to divide are a car and a bicycle, a partner may value the car as 800, the bicycle as 200, and the bundle {car, bicycle} as 900 (see Utility functions on indivisible goods for more examples).
A moneyless economy or nonmonetary economy is a system for allocation of goods and services without payment of money. The simplest example is the family household.Other examples include barter economies, gift economies and primitive communism.
Gender-based price discrimination is the practice of offering identical or similar services and products to men and women at different prices when the cost of producing the products and services is the same. [52] In the United States, gender-based price discrimination has been a source of debate. [53]
An allocation is called proportional up to the best c items (PROPc) if for every agent i, there exists a subset of at most c items that, if given to i, brings the total value of i to at least 1/n of the total. Formally, for all i (where M is the set of all goods): [6]
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This method allows declines in inventory value to be offset against income of the period. When goods are damaged or obsolete, and can only be sold for below purchase prices, they should be recorded at net realizable value. The net realizable value is the estimated selling price less any expense incurred to dispose of the good.
Consumer goods, retail, and travel decreased 3% year over year, reflecting a negative 5.7% organic and a positive 2.7% inorganic growth, largely due to declines in consumer products and retail ...