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Last year, Alice's wealth increased by $X and it gave her z units of happiness (or utility). This year Alice's wealth increased again by $X but her utility went up by less than z units. What is this an example of?
Positive marginal utility of wealth
Diminishing marginal utility of wealth
Diminishing marginal return
Conservation of value
Risk aversion
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Ensure best resources allocations regarding to the quantity and competences and ensure that all undertake projects are alignment to organization strategy and examine the degree of strategy linkage.
Is the purpose of commercial bank regulation to prevent bank failures? Explain.
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