Opportunity Cost and the Indifference Curve – What is a Diminishing Marginal Rate of Substitution?
If you're interested in the topic of opportunity cost and the Indifference curve, you can look into the concept of diminishing marginal rate of substitution (DMRS). The main point is that the DMRS decreases as the consumer moves along the indifference curve. For example, as the consumer moves from point A to point B, the marginal rate of substitution...
Using the Rule of 70
Using the rule of seventy to determine a portfolio's doubling time is an important part of retirement planning. Fortunately, the rule of seventy can be applied to many situations. For example, you can calculate the doubling time of an investment using the rule of seventy and then determine if the investment is suitable for your retirement portfolio. Alternatively, you...
10 Tips to Write a Scholarship Essay about Financial Need
When a student wants to study abroad, but they don't have the funds, applying for a scholarship is the way to go. Some scholarship applications will require a student to submit an essay to be accepted. While many students shy away from those, there are plenty of “write my scholarship essay” services out there that are ready, willing, and able...
How to Brand Your Startup (Without Breaking the Bank)
Starting a business is never easy. Besides the many requirements that you have to comply with, you also need to build your own brand identity, image, messaging, and so on. If you fail to do all these, then your startup would not even fly in the first place. So to help you build your own brand, we have listed a...
How Lithium Stocks Could Power Up Your Investment Portfolio
Lithium is a solid element used in various industries, but most notably in electronics and construction. It has a high energy density level and is considered the most promising metal for green energy storage. In terms of investment, lithium stocks are shares of companies that produce or mine lithium. These companies extract lithium from different sources that commonly include brine,...
5 Reasons Lab-Grown Diamonds Are Perfect For Engagement Rings
When a portion of light hits the diamond, it scatters and fractures throughout the stones, creating a sparkling illusion. For this reason, many women and even men have always loved diamonds. These beautiful stones are known to be a girl's best friend, and for a good reason. Thanks to innovation and technological advancements, diamonds can now be created through...
Finest crypto trading bot
Regardless of whether you are a novice or a seasoned cryptocurrency trader, you are certain to have heard about the crypto bot. The popular idea that automated cryptocurrency trading can only be used by more experienced investors is incorrect. Even novice investors may use automated cryptocurrency trading. The best crypto trading bot is essential, but if you've never traded...
How to earn more money online to improve your bank balance
Making more money through online platforms is something that we all look at doing from time to time and there are plenty of different ways to do this with some of us using uk online casino list as an online casino index to try and win some extra money at gambling platforms which has proven to be a popular...
Business Financing Solutions for Those with Bad Credit
Starting a business is difficult enough without needing to worry about how you’ll manage to find funding for your project if your credit history is not exactly squeaky clean. Thankfully there are some options out there for entrepreneurs who have great ideas, but who feel that their bad credit score is holding them back. Let’s look at a few of the...
7 Things That Will Help You Cope After a Car Accident
Car accidents and other unintentional injuries are the most common cause of unnatural death in the world. “There are 6 million car crashes every year in the US,” according to the Barnes Firm, San Diego accident attorney. Most of them result in minor injuries, but as mentioned, they can also lead to premature death. After suffering an accident, a lot...