1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marrrta [24]
3 years ago
13

Economists measure the personal satisfaction someone gets from consuming goods and services with the concept of

Business
1 answer:
KiRa [710]3 years ago
6 0
Economists measure the personal satisfaction derived from consuming goods and services with the concept of UTILITY. Utility refers to the total satisfaction derived from consuming a good or service. The utility of a good or service has direct influence on demand  and therefore price of that product.
You might be interested in
What did martin luther king jr do as a call for action in birmingham in 1963
jekas [21]
He wrote a letter describing all the violence African Americans faced.
3 0
3 years ago
Read 2 more answers
Why do you think it’s important to find a career that matches your personality? Come up with an example (real or made-up) of a p
diamong [38]
Because you would want to enjoy what you wanna be if u didn’t then you maybe wouldn’t do it corrected because your not enjoying it. Hope this helps!
8 0
3 years ago
a consumer faces a tradeoff between labor (????) and leisure (????). she consumes a composite good (????). when the consumer wor
disa [49]

Trade-off

A trade-off is a situational decision in which one quality, quantity, or feature of a set or design is reduced or lost in exchange for gains in other areas. A tradeoff occurs when one thing increases while another must decline.

What is consumer's real wage?

Real earnings are salaries that have been factoring in inflation, or wages in perspective of the amount of services and goods that may be purchased.

Main Content

$606

Given the answers to the question, the complete or implicit income of the consumer would be determined as follows:

When the customer works, she earns an hourly wage of $17.00, therefore when she works for 24 hours, she will earn:

=$17\times24

=$408

Also, when the customer  sells all the 17 units of the composite good, she will earn:

=$11\times18

=$198

Therefore, the customer's full income would be:

=$408+$198

=$606

To learn more about Trade-off

brainly.com/question/7072776

#SPJ4

6 0
1 year ago
Discuss motown production techniques as applied to motown girl groups of the 1960s, including specific artists and performance/n
Liono4ka [1.6K]

Motown records was created by Berry Gordy Jr. who is an American record executive, record producer, song writer, film producer and television producer.  The Motown record  company played a very important role in the racial integration of popular music as an African-American owned label that got crossover success. Motown was the most successful record label of soul music. Motown producers believed "resolutely" in KISS principle (keep it simple stupid) and they used Pop production techniques such as the use of  orchestral string sections, charted horn sections, and carefully arranged support vocals. Complex arrangements and melismatic vocal riffs were avoided.

8 0
4 years ago
Cuba is a command economy that suffered a decline in economic growth because of a cut in the aid provided by the former Soviet U
katen-ka-za [31]

Answer:

Experience an inward shift of its production possiblity curve.

Explanation:

Production possiblity curve is a graphical representation of the maximum number of products that a company can produce, if it produce only two product using all the resources efficiently. The maximum production possiblity of one product is shown on one side graph and another product on other side to compare which product can be produced to reduce cost and wastage while maximizing the profit. This also help the management to know the effecient use of resources or factor of production; Land, labour, capital and entrepreneurship. Therefore, lack of resources to Cuba have lead it´s economy to decline.

4 0
4 years ago
Other questions:
  • A project is expected to produce cash flows of $12,800, $15,900, and $18,000 over the next 3 years, respectively. After 3 years,
    14·1 answer
  • Because risk is associated with the potential for higher profits, businesspersons are motivated to choose organizational forms t
    15·1 answer
  • S takes out a health insurance policy which contains a provision that states that the agent does not have the authority to chang
    7·1 answer
  • which of the following helps economists judge the overall condition of a particular country's economy?
    15·1 answer
  • On October 1, 2016, Concord Corp. issued $924,000, 7%, 10-year bonds at face value. The bonds were dated October 1, 2016, and pa
    15·1 answer
  • "I am 27 years old and have just finished law school and passed the state bar examination. Now I am ready to begin my new career
    14·1 answer
  • Suppose that Mexico experienced a very severe period of inflation in 1972. As prices in Mexico rose, the demand in the foreign e
    13·1 answer
  • Irwin Company has budgeted direct labor hours for the coming three months as follows: July, 6,500 hours; August, 8,100 hours; an
    12·1 answer
  • Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its mo
    11·1 answer
  • Which type of savings account offers the best interest rates?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!