Describes the concept of utility and economic behavior

Assignment Help Business Economics
Reference no: EM13995893

Which of the following best describes the concept of utility and economic behavior?

The trade-off between spending and saving

The satisfaction from consuming goods or services

The desires of consumers for products that are useful

The effort required to generate income

Reference no: EM13995893

Questions Cloud

The interest earned versus the duration of the investment : Each year,$7,500 is invested at 4% annual compound interest a) What is the value of the investment portfolio after 20 years? After 25 years? After 30 years? b) Repeat part (a) with the investment at 5% annual compound interest c) Based answers to (a)..
The cost of these ingredients per bag of concrete produced : Stroika Concrete makes bags of easy use concrete for the DIY market. The company mixes their concrete using two ingredients, "Great Grit" and "A1 Aggregate". What is the least cost combination of the ingredients that will satisfy the minimum requirem..
Each type should domar build in order to maximize profit : Domar properties plc have a site covering 20,000 meters square on which they wanted to build a mixed estate of 2- & 4-bedroom houses. The 2-bedroom houses will each occupy a plot of 60 meters square and will be sold at a profit of $15,000. On average..
What is the relevance of the marginal rule : ?Assume you are an analyst with an online university say UOP. The Admissions Director (AD) wants to determine the optimum number of students for each ECO561 class. You are provided with the following data: Tuition is $1250 per student. what is the ne..
Describes the concept of utility and economic behavior : Which of the following best describes the concept of utility and economic behavior?
What elements of the national business environment : Imagine that you and a group of your fellow classmates own a company that manufactures cheap sunglasses. To lower production costs, you want to move your factory from your developed country to a more cost-effective nation. Choose a prospective countr..
Suppose the federal government has no national debt : Suppose the federal government has no national debt and spends $100 billion, while raising only $50 billion in taxes. What amount of government bonds will the U.S. Treasury issue to finance the deficit? Suppose the media report that the federal defic..
Determine the taxable income and income tax : Show all formulas and steps using engineering economics. A company spends $1,000,000 on equipment with a 10 year service life to start a manufacturing facility. Determine the Taxable Income, Income Tax, and After Tax Cash Flows (ATCFs) for the life o..
Is the concept of economic performance : Is the concept of economic performance, together with the practice of using economic performance measures (variables) that are either money amounts or are constructed from several money amounts, a valid, objective tool to measure value? Defend your a..

Reviews

Write a Review

Business Economics Questions & Answers

  Utilize economic theory to analyze the likely labor-market

Utilize economic theory to analyze the likely labor-marketplace effects of the growth in these awards, assuming that the wages in these jobs stay constant.

  Foster instability and may affect productivity

Terrorist attacks foster instability and may affect productivity over the short and long term. Do you think the September 11, 2001, terrorist attacks on the World Trade Center and the Pentagon affected short- or long-term productivity in the United S..

  Behavioral economics clearly makes important contribution

Behavioral economics clearly makes an important contribution to our understanding of economies. Which, after all, are driven by human behavior?

  Experience gains from trade

South Korea can produce a maximum of 600 million toaster ovens or 900 million tons of rice per year. The U.S. can produce a maximum of 700 million toaster ovens or 1,000 million tons of rice per year.

  Study of intertemporal utility maximization

In our study of intertemporal utility maximization, everything (initial and ending wealth, interest rate, and consumption) in the budget constraint is expressed in real terms. Reformulate the budget constraint in nominal terms and show that for a two..

  Pro trade production growth effect

It is likely that a pro trade production growth effect will lead to an expansion of trade since the presence of inferior goods is relatively rare. Explain.

  Calculate the profits of these firms in either case

If collusion is not allowed, what kind of market arrangement do you think is likely to result from competitive interactions among these four firms? Calculate the profits of these firms in either case (a and b).

  Determine whether amelia and bernard have identical tastes

Amelia buys coffee for $1 per cup and tea for 50¢ per cup; every day she drinks 1 cup of coffee and 2 cups of tea. Bernard buys coffee for 50¢ per cup and tea for $1 per cup; every day he drinks 2 cups of coffee and 1 cup of tea. Can you determine wh..

  A physical therapy clinic faces a demand equation

A physical therapy clinic faces a demand equation of Q = 200 – 1.5 × P,

  Retirement account balance for standard scale

Suppose your retirement account has a balance today of $25000 and you are 20 years old. If you are invested in a diversified portfolio of stocks, you might hope that the historical return of about 6% continues into the future. Plot your retirement ac..

  Q as ceo of firm a you and your management team face the

q. as ceo of firm a you and your management team face the decision of whether to undertake a 200 million rampd effort

  If you were the angel investor what is your certainty

If you were the angel investor, what is your certainty equivalent for these two projects? Are you risk-averse, risk-neutral, or risk-lover?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd