Rank the utility of these similar expenses for themselves

Assignment Help Business Economics
Reference no: EM1313622

Q. Review your spending over the last few months. Now sort these expenses by Explain how much utility or satisfaction, they have rendered you.

Now consider three individuals: a neighbor, a friend also your boss.

Explain how do you think which these individuals would rank the utility of these similar expenses for themselves? Illustrate what reasons may account for the similarities also differences in the ranking of such expenditures by your neighbor, your friend also your boss?
Create a report in Microsoft Word which comprises the above information, conversion also analysis. Also, comprise a table which demonstrates the ranking of each of the chosen expenditures as well as their respective utility for you, your neighbor, your friend also your boss, respectively.

Next, create a chart in MS Excel illustrating the relationship between utility also consumption as conversed in the above example.

Reference no: EM1313622

Questions Cloud

Balance sheet or an income statement : Balance sheet or an income statement and show for each of the following items whether it would appear on a balance sheet
Think of a real-life example of a profit corporation : Think of a real-life example of a profit corporation or small business with which you are familiar.
Evolutionary theories concept : Evolutionary theories often, Emphasize that humans have adapted to their physical environment. One such theory hypothesis that:
Completion of accounting cycle and barber-williams : Accounting fundamentals involves completion of accounting cycle and Barber-Williams, Inc. sells, installs, and services a variety of industrial equipment from several manufacturers.
Rank the utility of these similar expenses for themselves : Explain how do you think which these individuals would rank the utility of these similar expenses for themselves.
Calculation of net present value and adoption of project : Calculation of net present value and adoption of project based on NPV and the firm's current cost of capital is estimated to be 11 percent.
Determining range and standard deviation of times : Determine the range and standard deviation of the times.
What is the deflection of each object : A duck has a mass of 2.6 kg. As the duck paddles, a force of 0.11 N acts on it in a direction due east. In addition, the current of the water exerts the force of 0.12 N in a direction of 44° south of east. When these forces begin to act, the velocity..
The microsoft case microsoft monopoly : The Microsoft Case Microsoft Monopoly--Why was Microsoft investigated for antitrust behaviour.

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!

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