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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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If we can determine using statistical analysis that two different sets of events are aligned, we can call those events ________.
NemiM [27]
If we can determine using statistical analysis that two different sets of events are aligned, we can call those events as correlated. The event correlation is a method for creation of sense of a large number of events and identifying the few events that are certainly significant in that mass of data. This is able by observing for and evaluating relations among events.
3 0
3 years ago
Marquez agrees to buy Dale's pickup truck so he can pull his trailer. Both Marquez and Dale believe that the truck is big enough
Sedaia [141]

Answer:

The answer is C) a mutual mistake

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4 0
3 years ago
Granite works maintains a debt-equity ratio of .65 and has a tax rate of 21 percent. the pretax cost of debt is 9.8 percent. the
siniylev [52]
<span>9.20 percent

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3 years ago
Adrian owns an older used car that is valued at about $1,000.
Liula [17]

Answer:

Purchasing insurance can help Adrian  minimize  risk. Adrian’s best decision in this case is to  not buy the insurance because the policy is too expensive in relation to the value of his vehicle

0 0
4 years ago
Assume that both firm A and firm B formally agree to each put up $10 million to form firm C. The operations of firm C are restri
Alchen [17]

Answer: a. joint venture.

Explanation:

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Firm C is a Joint venture between Firms A and B.

8 0
4 years ago
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