Business, 23.10.2019 05:00 luckyalita
What is the difference between ordinal utility and cardinal utility? ordinal utility refers to a. satisfaction when consumers are not rational, while cardinal utility is satisfaction when consumers are rational. b. an interpersonal comparison of satisfaction, while cardinal utility is a ranking of market baskets using arbitrary numerical values. c. a ranking of market baskets in order of most to least preferred, while cardinal utility indicates how much one market basket is preferred to another. d. a ranking of market baskets based on income, while cardinal utility is a ranking of market baskets based on consumption. e. a ranking where the intensity of preferences is quantified, while cardinal utility is a number that by itself has no meaning.
Answers: 2
Another question on Business
Business, 21.06.2019 22:00
Email viruses are typically launched by people who modify header information to hide their identity. brightmail's enrique salem says that in the future, your email reader will authenticate the sender before putting hte message in your inbox. that way, you will know the source of all the emails you read. alan nugent of novell says, "i'm kind of a fan of eliminating anonymity if that is the price for security." will eliminating anonymity make computers more secure?
Answers: 3
Business, 21.06.2019 22:20
Outstanding stock consists of 8,300 shares of cumulative 7% preferred stock with a $10 par value and 4,300 shares of common stock with a $1 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends. year dividend declared 2016 $ 0 2017 $ 7,300 2018 $ 45,000 the amount of dividends paid to preferred and common shareholders in 2018 is:
Answers: 2
Business, 22.06.2019 12:30
Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer
Answers: 3
You know the right answer?
What is the difference between ordinal utility and cardinal utility? ordinal utility refers to a. s...
Questions
Computers and Technology, 18.12.2019 17:31
Computers and Technology, 18.12.2019 17:31
Computers and Technology, 18.12.2019 17:31
Computers and Technology, 18.12.2019 17:31
