Explain why the assumption of cardinal utility is not needed in order to rank consumer choices. Cardinal utility is not needed in order to rank consumer choices because economists
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Explain why the assumption of cardinal utility is not needed in order to rank consumer choices. Cardinal utility is not needed in order to ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
An adjusted trial balance: Select one: A. is prepared after the financial statements are completed. B. proves the equality of the total debit balances and total credit balances of ledger accounts after all adjustments have been made. C.
Answers (1)
PA5. LO 5.3Materials are added at the beginning of a production process, and ending work in process inventory is 30% complete with respect to conversion costs.
Answers (1)
During 2018, Colorado Company stock was sold for $9,400. The fair value of the stock on December 31, 2018, was Clemson Corp. stock-$19,100; Buffaloes Co. stock-$20,500. None of the equity investments result in significant influence.
Answers (1)
The account Work-in-Process Inventory: Group of answer choices Consists of completed goods that have not yet been sold. Consists of goods being manufactured that are incomplete. Consists of materials to be used in the production process.
Answers (2)
What happens if you fail to pay your annual taxes
Answers (1)
New Questions in Business
At the end of 2016, Nash's Trading Post, LLC has accounts receivable of $635,600 and an allowance for doubtful accounts of $23,140. On January 24, 2017, it is learned that the company's receivable from Madonna Inc.
Answers (1)
United Birdseed is expected to pay the following dividends over the next three years: After year 3, dividends are expected to grow by 5% per year forever. The expected/required return on United Birdseed stock is 10%. What is the stock price?
Answers (1)
Halestorm Corporation's common stock has a beta of 1.13. Assume the risk-free rate is 4.8 percent and the expected return on the market is 12.3 percent. What is the company's cost of equity capita?
Answers (1)
A monopoly creates a deadweight loss to society because it produces less output than the socially efficient level. a. true b. false
Answers (1)
A company sells two products with information as follows: A B Sales price per unit $12 $22 Variable cost per unit $10 $10The products are machine made.
Answers (1)