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
Greeley [361]
3 years ago
15

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

Business
1 answer:
posledela3 years ago
6 0

Answer:

The correct answer is option A.

Explanation:

In the theory of consumer behavior, the term utility is used to define the level of satisfaction derived by a consumer from the consumption of a good or service.

There are two methods to present utility.

  1. Cardinal Utility
  2. Ordinal Utility

The method of cardinal utility measures utility in the quantitative term where its units are called utils. The ordinal utility expresses utility in relative terms as high and low.

You might be interested in
Why would an entrepreneur be best suited to opening a new business, rather than buying an existing business or franchise?
Mariulka [41]

Answer:

For example, it's really easy to finance while buying in an existing business while starting a new one. In Addition tons of bankers and investors all around the world would feel more comfortable dealing with a business that already has had a proven track record.

Explanation:

3 0
3 years ago
Effective teamwork and high productivity are good indications of positive....
Aleks [24]
Effective teamwork and high productivity are good indications of positive Productivity goals. 


6 0
3 years ago
Name and briefly describe the three essential principles of test construction
Alika [10]
Three essential <span>principles of test construction are:
1. consistency. It refers  to the consistency </span><span>between the goal of the subject, course, and the methods of teaching goals. Also consistency between the methods and what the test measures. </span><span>
2. validity. Validity refers to t</span>he ability of a test to measure what it was designed to measure. It can be material od skill.
3. reliability. The <span>test must be constructed in such a way that it will produce reliable, consistent results .</span>
7 0
3 years ago
According to McGregor’s ________, working is as natural an activity as resting or playing, and people will work hard to achieve
qwelly [4]

Answer: Theory Y

Explanation:

Theory Y is one of the human work motivation created by McGregor. The theory states that "workers that are motivated and enjoy their work will perform better without a direct reward system". This happens when managers value their employees and see them as assets.

7 0
3 years ago
What is the first step to build a house of​ quality? A. Relate customer wants to product hows. B. Determine the desirable techni
prohojiy [21]

Answer:

The correct answer is C. Identify customer wants.

Explanation:

Despite the fact that the architects, due to their experience, can provide alternatives based on factors such as location, size, type of house, etc., the client's requirements play a very important role since, prior to this, they have designed in their minds what they would like to have. in your new house. The architects serve as support to give a professional touch to the property, but taking into account the requirements of the person it is possible to adjust certain aspects to offer the best possible experience when the construction is finished.

3 0
3 years ago
Read 2 more answers
Other questions:
  • After 30 selfless years of service to our company, Renalda Garwacki has chosen to take a little more time for herself. With a ne
    13·1 answer
  • I WILL MARK AS BRAINLIEST
    15·1 answer
  • As an individual consumes slices of pizza, the _____ is the amount of satisfaction that he receives from each additional piece o
    8·1 answer
  • 4. Identify and discuss the product branding of the product. Describe the brand and symbol or logo it uses. Provide an image of
    9·1 answer
  • The average cost of tuition and room and board at a small private liberal arts college is reported to be $8,500 per term, but a
    8·1 answer
  • Consider two perfectly negatively correlated risky securities, A and B. Security A has an expected rate of return of 16% and a s
    6·1 answer
  • Identify the accounting assumption or principle that is described below.
    7·1 answer
  • When Scott Calvin (Tim Allen) tries on a Santa suit, he discovers that he has assumed all of Santa's responsibilities. Calvin tr
    14·1 answer
  • Oliver Is a small manufacturing business owner. He has a limited number of employees working under him. He usually helps his emp
    9·1 answer
  • A planned process for providing financial information that will be useful to management.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!