The word "util" has been used by economists in the past as an objective measure of utility.
Today economists believe that
A. utility cannot be measured objectively.
B. utility can be measured objectively because people can use prices of different goods to measure utility.
C. all of the important conclusions of the economic model of consumer behavior depend on utility being measured objectively.
D. the util truly is an objective, rather than a subjective, measure of utility.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The word "util" has been used by economists in the past as an objective measure of utility. Today economists believe that A. utility cannot ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Becca has $500 to open a checking account. she wants an account with the lowest fees. she writes about 12 checks per month and her employer has direct deposit. she plans to only use her bank's atm four times a month.
Answers (1)
The marginal product of capital is: a. output divided by capital input. b. additional output produced when one additional unit of capital is added. c.
Answers (1)
Behavioral finance would explain many market anomalies toA) the influence of human emotions and biases on securities markets. B) random price movements that only appear to have a rational explanation.
Answers (1)
Like the bylaws of other corporation's, the bylaws of Rocks, Paper & Scissors, Inc., a. establish the value and classes of corporate stock. b. were submitted for approval to the public official in charge. c.
Answers (1)
Lexicon has a daily average check collections of $180,000, and it takes the firm 5 days before it can completely process those checks. An automated lockbox system that costs $33,000 a year would reduce the processing time by 2 days.
Answers (1)
New Questions in Business
According to the specifications that a customer gave to a manufacturer, the length of a shoe should not deviate from the correct size by more than 1 mm. In the manufacturing process, the standard deviation of this length is 0.
Answers (1)
Baylee is driving her friend sarah to the movies. baylee loses control of the car and crashes into a fence. the vehicle's airbags deploy, and both sarah and baylee are shaken up but not physically injured.
Answers (1)
What identifies data outside of a normal condition?
Answers (1)
All of the following are examples of facility level costs except: Select one: a. Costs of cleaning the workplace. b. Costs of custodial work. c. Costs of personnel support. d. Costs of receiving shipments. e. Costs of providing electricity.
Answers (1)
The law of supply states that a. as prices rise, so will supply and vice versa. b. as prices fall, supply will rise and vice versa. c. as prices rise, supply will fall and vice versa. d. as prices rise, supply will stabilize and vice versa.
Answers (1)