The General Rule Is That Any Party to an Illegal

question 16

True/False

The general rule is that any party to an illegal contract can recover for performance rendered.

Explain the significance of monitoring and adjusting the flow rate of IV infusions.

Identify equipment and supplies used in IV therapy, including IV administration sets.

Understand the administration of medicated IV infusions.

Understand the principles and calculation methods for IV fluid administration rates.

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Definitions:

Diminishing Marginal Utility

The principle that as a person increases consumption of a product, there is a decline in the additional satisfaction or utility that person gains from consuming one more unit of the product.

Additional Utils

The extra satisfaction or utility a consumer receives from consuming one more unit of a good or service.

Optimal Consumption

The mix of goods and services purchased that maximizes the utility or satisfaction of a consumer given their budget constraint.

Marginal Utility

The additional pleasure a consumer experiences from acquiring another unit of a product or service.