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forsale [732]
3 years ago
8

What is the difference between ordinal utility and cardinal​ utility? Ordinal utility refers to A. satisfaction when consumers a

re not rational​, while cardinal utility is satisfaction when consumers are rational. B. an interpersonal comparison of​ satisfaction, while cardinal utility is a ranking of market baskets using arbitrary numerical values. C. a ranking of market baskets in order of most to least​ preferred, while cardinal utility indicates how much one market basket is preferred to another. D. a ranking of market baskets based on income​, while cardinal utility is a ranking of market baskets based on consumption. E. a ranking where the intensity of preferences is​ quantified, while cardinal utility is a number that by itself has no meaning.
Business
1 answer:
adoni [48]3 years ago
5 0

Answer:

I strongly believe that the correct answer is B. Im going to give an example. if we take into account a company like Honda produces 4000 units, for example Mercedes Benz produces 7000 units, this is very important for welfare economics which tries to put values on consumption.

Explanation:

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2 years ago
A reporter appears on television and reports that a collegiate athlete is currently using steroids. The reporter has a sincere b
zhannawk [14.2K]

Answer:

The answer is D, the reporter is liable for a claim of libel

Explanation:

First of, we need to understand that libel in it self refers to a false statement or report published against an individual and of which the report has a very high tendency of tarnishing the individuals image. In order words, it can also be refereed to as the defamation of character where the victim in this case is refereed to as the character.

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6 0
2 years ago
The accompanying table shows a small community's demand for monthly subscriptions to a streaming movie service. Assume that only
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Explanation:

Solution

Now,

A monopolist would supply where the total revenue is Maximum

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Therefore from the given question stated as, If the two firms operating in this market agreed to each supply one-half of the quantity a monopolist would supply, the contract would specify that: Nextflix supplies 250 subscriptions and Flixbuster supplies 250 subscriptions.

4 0
3 years ago
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Answer: c. Outline a realistic start-up budget.

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Explanation:

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3 years ago
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