Lora Total Utility Defined and Illustrated. What do you mean by total utility? Total utility is the sum of all the utilities that a person derives from consuming a good or service. A utility is a measure of the satisfaction that a person derives from consuming a good or service. What is Total utility explain with … Read more
Maritime law, also known as admiralty law, is a body of laws, conventions, and treaties governing the relationships between private entities that operate vessels on water. Maritime law covers a wide range of topics, including marine commerce, navigation, shipping, shipbuilding and repairs, seafaring, maritime insurance, and the transportation of passengers and goods by water. In … Read more
PV10 is the present value of the future cash flows from a project, discounted at 10%. The term is commonly used in the oil and gas industry to evaluate the potential profitability of projects. The present value of future cash flows is a measure of the present value of all the money that a project … Read more
