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3 years ago

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.

Cardinal Utility
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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Opinion polling and market research are examples of stratified random sampling.

julia-pushkina [17]

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2 years ago

If the price of gasoline increases significantly, then we’d expect the price for hybrid and electric cars to.

NikAS [45]

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2 years ago

Juhasz Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hou

maria [59]

Answer:

$741 U

Explanation:

Juhasz Corporation

SH= 9,600 units × 0.70 hours per unit

= 6,720 hours

Variable overhead efficiency variance

= (AH – SH) × SR

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3 years ago

The appearance of a résumé can change drastically after it has been scanned. please select the best answer from the choices prov

ioda

It is a true statement that the appearance of a résumé can change drastically after it has been scanned.

<h3>How does the appearance of a résumé changed?</h3>

The real appearance of the resume hardcopy can changed because they lighting and texture will be altered because of the lighting using by the scanning machine.

Therefore, It is a true statement that the appearance of a résumé can change drastically after it has been scanned.

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2 years ago

What is the value today of a money machine that will pay $2,655.00 every six months for 27.00 years? Assume the first payment is

MAVERICK [17]

Answer:

Present value is $74,116.62

Explanation:

Giving the following information:

The machine pays= $2,655.00 every six months

n= 27 years= 54 semesters

Interest rate= 0.13/2= 0.065

First, we need to calculate the final value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual pay

FV= {2,655*[(1.065^54)-1]}/0.065= $1,183,854.61

Now, we can calculate the present value using the following formula:

PV= FV/(1+i)^n

PV= 1,183,854.61/(1.065)^44= $74,116.62

3 0

3 years ago

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

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