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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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The owner of a newspaper-stand wants to raise prices to increase revenue. There are a number of other newspaper-stands nearby. W
BaLLatris [955]

Answer:

The answer is: The owner's revenue will rise because newspaper demand is price inelastic.

Explanation:

Although the question doesn't specify the price elasticity of newspapers, different papers and essays around the world concluded that it is very inelastic. So an increase in the price of newspapers will decrease the quantity demanded of news papers in a very small proportion. So it is safe to say that if the owner of the newspaper stand raises the price of newspapers, his total revenue will increase since its demand is price inelastic.

8 0
4 years ago
When looking for pre-approval on a car loan you should... select the loan that has the longest repayment period. get a loan from
Sav [38]

Answer: Get a loan derectly

Explanation: Because 2x3=5

4 0
3 years ago
If a government wishes to fix the value of a currency below its equilibrium value in the foreign exchange market, what should it
o-na [289]

Answer:

DEMAND AND SUPPLY SHIFTS IN FOREIGN EXCHANGE MARKETS

5 0
4 years ago
property has Gross Scheduled Income of $100,000. The vacancy rate and credit rate allowance is 3% whereas Operating expenses are
Ugo [173]

Answer:

The answer is "10.5\%"

Explanation:

Following are the Cap rate:

 = \frac{(Income \times (1 - vacancy\  rate) - operating \ expense)}{\text{purchase price of property}}

= \frac{(\$ 100,000 \times 0.97 - \$ 34,000)}{\$ 600,000}\\\\= \frac{\$ 63,000}{ \$ 600,000}\\\\= 10.5\%

8 0
3 years ago
Claude purchased raw land three years ago for $1,500,000 to develop into lots and sell to individuals planning to buildtheir dre
dmitriy555 [2]

Answer and Explanation:

Clude had purchased the raw land three years ago for $150000 and treated it like a inventory. she constributed the property to south peak investments LLC in exchange for 10% profit interest. but south peak will hold it for investment purpose.

a) after 4 years from Cludes contribution south peak sells the land for $3000000 the gain would be $3000000 - 1500000 = 1500000. the character is of long term capital gains since ths LLC held ot as investment asset

b) if south peak sells the asset after 5 years six months then also the gain would be sa,e and character would be same since LLC has held the asset fore investments purpose and at the same time its holding period is above one year.

3 0
3 years ago
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