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shepuryov [24]
4 years ago
7

What is the difference between ordinal utility and cardinal​utility?

Business
1 answer:
Andrews [41]4 years ago
8 0

Answer:

E. 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.

Explanation:

Ordinal utility can be defined as an economic concept in which the consumer chooses a product or service from the market based on preferences in relation to another at a comparative level, but not exactly quantified.

In cardinal utility, on the other hand, the consumer is able to quantify the benefits perceived in a product or service with specific values, and this measure is beneficial to specify, for example, a choice based on price and utility for the consumer, which helps in the purchase decision process .

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What would be the total cost of leasing a vehicle for four years that requires a security deposit of $1,000 (which would be with
horsena [70]

Answer:

total economic cost = $25,211.58

total accounting cost = $24,800

Explanation:

the total economic cost of leasing the vehicle includes the lease costs (monthly lease payments) plus the payment for excess miles (8,000 miles x 10 cents) plus the opportunity cost of the money withdrawn for the security deposit ($1,000 x 1.09⁴):

total economic cost = ($500 x 4 x 12) + (8,000 x $0.10) + ($1,000 x 1.09⁴) = $24,000 + $800 + $411.58 = $25,211.58

total accounting cost = ($500 x 4 x 12) + (8,000 x $0.10) = $24,000

3 0
4 years ago
What is most of the water usage in the United States used for? drinking irrigation livestock electricity
sleet_krkn [62]

Answer: i would say with all the water powered plants i would say electricity is the answer but if its not that then its irrigation or drinking

8 0
3 years ago
Read 2 more answers
You have a ​$106 comma 000 portfolio comprising 10 stocks. You trade each stock five times this year and each time you​ trade, y
miv72 [106K]

Answer:

My return will be 1.37% lower.

Explanation:

Total expenditure:

= Number of stocks×Number of times×Commission and spread per trade

= 10×5×$29

= $1,450

In % form:

= $1,450/$106,000

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My return will be 1.37% lower.

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3 years ago
Your broker calls to offer you the investment opportunity of a​ lifetime, the chance to invest in​ mortgage-backed securities. T
Ray Of Light [21]

Answer:

There's a list of important question to be do done:

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2. Who is the issuer of the MBS: it helps to determine the quality of the product, because studying the balance sheet is possible to know how healthy the company is

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4-is the product been traded in stock exchange or it OTC ( over the counter). If it is traded OTC is lesser regulated than any stock exchange

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4 years ago
Private ownership of resources exists in _________________ and _________________ economies.
Kay [80]

Personal ownership of resources exists in capitalism and command economies.

Ownership is the legal proper to possess something. An instance of ownership is possessing a selected house and property. noun.

Ownership refers to the felony proper of an character, group, agency or government to the ownership of a thing. The difficulty of ownership is of types cloth and immaterial things. material possession is that which is tangible like belongings, land, vehicle, e-book, and many others. A shareholder is someone, employer, or institution that owns at least one share of a company's inventory or in a mutual fund. Shareholders essentially own the organization, which comes with certain rights and obligations. This kind of possession allows them to acquire the blessings of a commercial enterprise's success.

Ultimately, taking ownership is vital because it builds consideration, assistance, and bonds with humans you care about. A group cannot thrive without a subculture of responsibility as it's what continues everybody operating together toward a collective, described organizational undertaking.

Learn more about ownership here:

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