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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.

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Which of the following is not a ratio to assess a firm's liquidity?a. Current Ratiob. Debt ratioc. Quick Ratiod. All of the abov
Mandarinka [93]

Answer:

b. Debt ratio

Explanation:

The liquidity ratio includes the current ratio, quick ratio, etc

where,  

Current ratio = Total Current assets ÷ total current liabilities

And, Quick ratio = Quick assets ÷ total current liabilities  

where,  

Quick assets = Cash and cash equivalents + short-term investments + Accounts receivable (net)  

These two ratios check the liquidity of the business organization whereas debt ratio shows a relationship between the total liabilities and the total assets. It checks the leverage of the firm whether it is capable to repay the borrowed amount or not

Hence, option b is correct

4 0
3 years ago
A good file system depends on easy retrieval of information, so it is important that _______.
nataly862011 [7]

It is important that you are able to organize and classify your files so that it would be fast and simple to retrieve them when they are needed.  Classify them by topics and arranged them by date as well as by alphabetical order and create a database so that you retrieve them quickly.

8 0
3 years ago
If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is
guajiro [1.7K]

If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is  Progressive tax.

<h3>What is meant by progressive taxes?</h3>

The average tax burden rises with income under a progressive tax. Low- and middle-income taxpayers bear a disproportionately tiny amount of the tax burden, compared to high-income families. A tax system that raises rates as taxable income rises is known as a progressive tax. Taxes on investment income, interest income, rental income, estates, and tax credits are a few examples of progressive taxes.

Based on the amount of tax you must pay relative to your income, taxes can be classified as regressive, proportional, or progressive. As your income declines, regressive taxes force you to pay a bigger proportion of your individual income in taxes. Tax reductions enhance people' discretionary income while reducing the government's revenue. Tax reductions typically refer to decreases in the percentage of income, commodities, and services subject to tax. Tax reductions serve as an illustration of an expansionary fiscal strategy since they give consumers greater discretionary income.

So, If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is Progressive tax.

Learn more about Progressive tax here

brainly.com/question/1022789

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5 0
1 year ago
Which of the following statement is correct? A.A change in demand is a movement along the demand curse, and a change in the quan
Alex777 [14]

Answer:

The correct answer is option D.

Explanation:

A change in the quantity demanded is a movement along the same demand curve. It is caused because of a change in the price of the product while other factors affecting demand remain constant.

A change in demand is shown by a movement in the demand curve. This is caused by changes in other factors such as income, population, preferences, price of other goods, etc, while the price of the product remains constant.

5 0
2 years ago
Why do we practice making associations with simple and mundane problems and resources? Select all that apply.
Artyom0805 [142]

Answer:

E.  They are problems and resources that most people have experience with or can relate to.

Explanation:

  • Such problems and resources are most commonly found in day to day lives. People can easily relate to them as they are simple and common in the workplace.
  • They are associated with the resources of particular problems. This making them a subject of practice it becomes easy to use them for teaching and other purposes. Such as enlightenment and giving advice.
4 0
2 years ago
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