User Account

All Pages

Preference using ordinal utility

Assignment Help Business Economics
Reference no: EM133082318

Question 1: Choose 2 of your favourite brands and rank them in order of preference using ordinal utility. Why you chose and how you prefer one more over the other?

Question 2: In your opinion, which is better- Cardinal or Ordinal? And why

Reference no: EM133082318

Questions Cloud

Calculate the probability of survival : The lifeboats were loaded using the usual "women and children first" (followed by the ship's officers). In order to investigate this protocol, you calculate the
Find the production approach value : The following activties occour in 2018 for a small economy with two firms and households Miller pays its workers 5,000 to produce flour the flour is then sold t
What is expected economic value added : Susan Jones has a job as a pharmacist earning $55,000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $65,000 p
Explain why the communication is effective : Explain why the communication is effective and why the communication is ineffective. Next, you will need to discuss what you could do to improve your identified
Preference using ordinal utility : Question 1: Choose 2 of your favourite brands and rank them in order of preference using ordinal utility. Why you chose and how you prefer one more over the oth
Detail a future investment strategy : Make a chart detailing how you would invest $100,000. Include a minimum of three investment types. Detail the amount invested, the % and the investment type in
What problems with currency occurred : What problems with currency occurred as the number of state banks grew? short answer please.
What the audience and the organisation should do : Identify what the audience and the organisation should do to actualize this solution and Discuss the solution to the problem (your internal communication)
Why did president roosevelt move the united states : Why did President Roosevelt move the United States away from the gold standard in 1933?short answer please.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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