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A version of the Serenity prayer appearing on an Alcoholics Anonymous medallion (date unknown).. The Serenity Prayer is an invocation by the petitioner for wisdom to understand the difference between circumstances ("things") that can and cannot be changed, asking courage to take action in the case of the former, and serenity to accept in the case of the latter.
In business and for engineering economics in both industrial engineering and civil engineering practice, the minimum acceptable rate of return, often abbreviated MARR, or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk and the opportunity cost of forgoing other projects. [1]
This is in contrast to willingness to pay (WTP), which is the maximum amount of money a consumer (a buyer) is willing to sacrifice to purchase a good/service or avoid something undesirable. [1] The price of any transaction will thus be any point between a buyer's willingness to pay and a seller's willingness to accept; the net difference is the ...
The Torah commands us to be a blessing. Becoming a blessing means living in a way when others viewing our actions will experience more beauty, more meaning, more sacredness in God’s world.
29. "Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment or the smallest act of caring, all of which have the potential to turn a life around."
The price elasticity of demand is a measure of the sensitivity of the quantity variable, Q, to changes in the price variable, P. It shows the percent by which the quantity demanded will change as a result of a given percentage change in the price. Thus, a demand elasticity of -2 says that the quantity demanded will fall 2% if the price rises 1%.
Rather, a consumer who prefers Coca-Cola (for example) will be willing to exchange more Pepsi for less Coca-Cola, in other words, consumers who prefer Coca-Cola would be willing to pay more. The degree to which a good has a perfect substitute depends on how specifically the good is defined.
The term may have been an influence to 'willy-nilly', as it was developed from two Latin participles that have the definition, "unwilling, willing". [16] William Shakespeare first used a form of this expression in The Taming of the Shrew in 1596 ( And, Will you, nill you, I will marry you ) in Early Modern English . [ 17 ]