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Misha Larkins [42]
3 years ago
9

The following statement(s) regarding Utility Functions is/are true: Utility Functions are usually a function of wages. Utility i

ncreases at a decreasing rate. The Utility Function chosen does not matter. They will all yield the same result.
Business
1 answer:
jonny [76]3 years ago
7 0

Answer:

Utility increases at a decreasing rate.

Explanation:

Utility is the total satisfaction derived from consumptjon.

The utility function measures the total satisfaction derived from consumptjon.

Utility increases at a decreasing rate.

This can be illustrated with an example.

Imagine I am coming from a desert with no access to drinking water. I am very thirsty. The satisfaction I would derive from the first cup of water would be the highest. After my first cup, the utility I would derive from other cups would be diminishing.

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Firms that have selected a related diversification corporate-level strategy seek to exploit: a. market power. b. control shared
PilotLPTM [1.2K]

Answer:

C, economies of scope between business units

Explanation:

A corporate-level strategy is a strategy that a firm adopts to measure the returns of the companies businesses having used a corporate level strategy as against what the result would e without the strategy.

In corporate-level strategy, a firm knows how each of its businesses are doing and if it should continue or not and therefore helps the firm the priority to be given to each of its businesses.

Cheers.

5 0
3 years ago
What type of questions can be answered with economic tools without interjecting any value judgment as to whether the particular
frosja888 [35]

Answer:

Positive questions.

Explanation:

Positive questions is a type of questions that can be answered with economic tools without interjecting any value judgment as to whether the particular outcome is desirable or harmful.

Hence, positive questions in economics are primarily fact based and objective, thus the statements (questions) are descriptive, concise, clearly measurable, precise and without any value judgment.

For instance, asking if education trust funds by the government increases public expenditures is an example of a positive question.

5 0
4 years ago
What is the HHI for an industry where 8 firms each have a market share of 10%, 2 firms each have a market share of 5%, and 10 fi
atroni [7]

Answer:

860

Explanation:

The HHI is calculated by squaring the market share of each firm in the industry.

8(10²) + 2(5²) + 10(1²) = 800 + 50 + 10 860

5 0
3 years ago
Help please.........
MAVERICK [17]

Private companies are not required to publicly disclose financial information, while public companies are required by the Securities and Exchange Commission to file an annual report documenting their performance in detail.


Because private companies don’t have to disclose financial information, they can focus on long-term growth instead of making sure shareholders are getting their quarterly dividends.


Private companies don’t need shareholder approval for operational and growth strategy decisions made by the company, as long as that is stated in their corporate documents.

5 0
4 years ago
Read 2 more answers
Home produces two goods: computers and wheat. Capital is specific to computers, land is specific to wheat, and labor is mobile b
kaheart [24]

Answer:

The appropriate answer is "capital intensive, land intensive".

Explanation:

  • Throughout Home than anything in Abroad, the whole no-trade income of farmers would be significantly greater, even though Home has fewer land assets than International. Throughout Home, then it does in International, the whole no-trade rate of electronics would be smaller, as Home does have more capital resources than International.
  • If the market is established, the comparative commodity price throughout the home will be decreased through trade as well as rise throughout foreign trade. If an exchange is expanded, the capital demand would rise at home as well as the rent overland throughout foreign countries will rise.

This will take effect even though the international availability of land will increase but instead international demand for resources will keep increasing.

7 0
4 years ago
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