All categories

2 years ago

When and why should a utility approach be applied?

Mathematics

2 answers:

Fed [463]2 years ago

8 0

Answer:

In addition to providing an explanation of consumer disposition of income, utility theory is useful in establishing individual consumer demand curves for goods and services. A consumer's demand curve for a good or service shows the different quantities that consumers purchase at various alternative prices.

Step-by-step explanation:

Ivahew [28]2 years ago

8 0

Utility theory is useful in establishing individual consumer demand curves for goods and services. A consumer's demand curve for a good or service shows the different quantities that consumers purchase at various alternative prices. And at different times it could be applied.

You might be interested in

0.7(3s+4)−1.1s=7.9 I need a answer

Mamont248 [21]

First, expand the bracket

2.1s + 2.8 - 1.1s = 7.9

Next, collect like terms

s + 2.8 = 7.9

Lastly subtract 2.8 from 7.9 to get your answer.

s = 5.1

(Hope this helps! ^^)

3 0

3 years ago

Read 2 more answers

Bc¯¯¯¯¯ is parallel to de¯¯¯¯¯. what is ab? enter your answer in the box.

svetlana [45]

This can help you to understand it

7 0

3 years ago

What is the surface area of 77 if the stack of blocks is

bagirrra123 [75]

Answer:

19.25

Step-by-step explanation:

77*(1/2)²= 77/4 = 19.25

6 0

3 years ago

Helpppppppppppp plzzzzzzzzzzzz!

r-ruslan [8.4K]

For the first one:
2x + 2 = 3x - 52
2x + 2 + 52 = 3x - 52 + 52
2x + 54 = 3x
2x - 2x + 54 = 3x -2x
54 = x
For the second:
124 + 2x + 4 = 180
124 + 4 + 2x = 180
128 + 2x = 180
128 - 128 + 2x = 180 - 128
2x = 52
2x/2 = 52/2
x = 26

6 0

4 years ago

Bernice takes a multiple-choice test, each question having 4 choices. If Bernice has no idea of any answer and simply guesses, f

hoa [83]

We want to find the probability that Berenice gets all the answers correct.

1 question:

Each question has 4 options, each option has the same probability of being the correct option, so she has a 25% of randomly selecting the correct option.

Then the probability here will just be equal to the number of correct options (1) over the total number of options (4)

p = 1/4

2 questions:

We already know the probability for one question, then the probability of getting two questions correct will be equal to the product of the individual probabilities for each question:

p = (1/4)*(1/4 = 1/16

3 questions:

Similar approach as before:

p = (1/4)*(1/4)*(1/4) = 1/64

4 questions:

p = (1/4)*(1/4)*(1/4)*(1/4) = 1/256

If you want to learn more, you can read:

brainly.com/question/23044118

6 0

3 years ago