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erica [24]
3 years ago
10

What role does utilityLOADING... play in the economic model of consumer​ behavior? When modeling consumer​ behavior, utility A.

identifies the combination of goods and services that can be produced most efficiently. B. provides an objective measure of satisfactionsatisfaction from consuming a particular set of goods and services in units called​ "utils." C. reflects the enjoymentenjoyment a consumer receives from consuming a particular set of goods and services. D. identifies the consumer who receives the most satisfaction from consuming a particular set of goods and services. E. identifies the combination of goods and services that is leastleast expensive.
Business
1 answer:
emmainna [20.7K]3 years ago
4 0

Answer:

B. provides an objective measure of satisfaction from consuming a particular set of goods and services in units called​ "utils."

Explanation:

When modeling consumer​ behavior, utility <u>provides an objective measure of satisfaction from consuming a particular set of goods and services in units called​ "utils."</u>

<u>In economics, the utility function measures the welfare or satisfaction of a consumer as a function of consumption of real goods such as food or clothing. </u>

<u>Utility function is widely used in the rational choice theory to analyze human behavior.</u>

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A firm acts as a rational decision maker when its leaders decide to do which of the following?
serg [7]

Answer:

b) Cut hours and workers in order to minimize costs

Explanation:

Rational decision making is the process by which a business manager analyses different factors and outcomes before choosing a particular line of action.

The manager will have to choose between alternative options that are available.

In the given instances only the option to cut hours and workers in a bid to reduce cost shows the manager made a decision to achieve a goal (cost reduction).

The other options do not define a clear business goal and a strategy to achieve it

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Which of the following factors does NOT influence financial planning?
EastWind [94]

Answer:

D

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In fiscal 2016, Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15%. The 2016 in
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Answer: $19,687 million

Explanation:

From the question, we are informed that Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15% and that the 2016 income statement reported income tax expense of $2,953 million.

The amount reported by Microsoft as income before income tax expense that year will be calculated as:

= 2,953 million / 15%

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= $19,687 million

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3 years ago
How should the organization keep track of the number of candy bars ordered and the number sold​
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Using a program. I'm a beginner in programming and even I can create a program like that so they can hire a firm or individual to create that program for them.
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Wewaii [24]

Answer:

to increase the level of employee satisfaction

Explanation:

Redesigning a product or service does not necessarily have to do with improving employee satisfaction, but it would be great if it does it as a side effect.

Redesigning a product or service costs money, and usually a lot of money, so c company must perform a cost benefit analysis before doing so. The main reason why a company would carry out a redesign is simply to increase consumer demand and total sales. This is generally achieved by increasing the quality of the product or service, and therefore consumer satisfaction. It can also do it to lower production costs, which also increases profits.

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