Preference relation and utility function

Unlike the previous one, the second approach does not require measuring utility in any quantity. The consumer here can compare the usefulness of individual goods or a set of them and order them according to the degree of preference. The theory of the optimal choice of the consumer proceeds from the fact that he exercises […]

Other terms and conditions of the contract

This section contains all those conditions that the parties did not settle in the previous articles of the contract. Typically, these conditions are: the procedure for changing or cancelling the contract. In these conditions, it is usually stipulated that amendments to the contract and its cancellation require the written consent of both parties, issued in […]