Reasons why scale of preference is important to the individual firm and government

Scale of preference helps us to rank our needs in order of their relative importance. It helps or aids In individual to make rational choice. It leads to efficient utilization of limited available resources.

Explanation:

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a researcher conducts an experiment on the secretion of a particular hormone in mice. scientists inject mice with a substance that stimulates the production of the hormone. the scientists then test the levels of hormones produced by the mice. the tool used to measure the hormones consistently detects the levels at 10 points lower than the actual hormone levels in the mice. this tool makes measurements, but the measurements aren't .

explanation:

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