Give an example of preferences (i.e., a ranking of baskets) that do not satisfy the assumption that
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
If a consumer states that A is preferred to ...View the full answer
Answered By
Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
I am highly proficient in school level math and science and reasonably good for college level. In addition to this I am especially interested in courses related to finance and economics. In quest to learn I recently gave the CFA level 1 in Dec 19, hopefully I'll clear it. Finger's crossed :)
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Give an example of a fixed cost that is not sunk but is still irrelevant.
-
Give an example of how one firms competitors have affected that business.
-
Give an example of an item of evidence that is valid and relevant but not reliable.
-
Oliveras Company had net credit sales during the year of $800,000 and cost of goods sold of $500,000. The balance in accounts receivable at the beginning of the year was $100,000, and the end of the...
-
List and briefly explain the activities involved in the verification of an ER model.
-
Analyzing the impact of different joint costing methods Petro-Edge Corporation manu- factures specialized oils and lubricants for the aviation industry. One product group, manufactured in a joint...
-
Describe the mechanics of the market multiple approach to business valuation. p6
-
Spaulding Manufacturing Company has determined the cost of manufacturing a unit of product as follows, based on normal production of 100,000 units per year: Direct materials . . . . . . . . . . . . ....
-
Sweet Company s outstanding stock consists of 1 , 9 0 0 shares of cumulative 5 % preferred stock with a $ 1 0 0 par value and 1 1 , 9 0 0 shares of common stock with a $ 1 0 par value. During the...
-
Go to the Webinars worksheet. DeShawn wants to determine the number of webinars the company can hold on Tuesdays and Thursdays to make the highest weekly profit without interfering with...
-
Consider Figure 3.1. If the more is better assumption is satisfied, is it possible to say which of the seven baskets is least preferred by the consumer?
-
What is the difference between an ordinal ranking and a cardinal ranking?
-
According to the Organizational Culture Inventory (OCI), an organization in which members are encouraged to work together in ways that meet higher-order human needs is classified as having a...
-
(a)The beginning of year consumer price index (CPI) of Kenya and Uganda as follows: in Kenya 167 and in Uganda 158. After 2 years the CPI in Kenya is expected to be 180 while in Uganda it is expected...
-
1. Discuss the relationship between money market Funds and mutual funds. How does one influences the other? Give example. 2. Discuss the concept of Money Market Mutual Funds and give examples. 3....
-
After reading "No, I Do Not Want to Pet Your Dog," consider the organization of the essay. This essay seems to have a delayed thesis statement, delivered in paragraph 10 when the author says, "But...
-
You are to analyse two alternative tax systems: (1) a 7.15% proportional tax on personal income (which includes both labour income and non-labour income); (2) a 7.7% sales tax. Using the...
-
Each week an individual with income m consumes quantities x and y of two goods whose prices are p and q. Her utility function is U(x, y) = a ln x + lny (a,> 0) which is defined for x, y >0. Find the...
-
Ms. Gamma sold a capital property for $200,000 on December 31, 2016. Of that price, $180,000 was not due until December 2017. The adjusted cost base of the property was $130,000 and the selling costs...
-
With your classmates, form small teams of skunkworks. Your task is to identify an innovation that you think would benefit your school, college, or university, and to outline an action plan for...
-
1. A change in demand causes a ____ (movement along/shift of) the demand curve. A change in quantity demanded causes a ______ (movement along/ shift of ) the demand curve. 2. Circle the variables...
-
1. A change in demand causes a ____ (movement along/shift of) the demand curve. A change in quantity demanded causes a ______ (movement along/ shift of ) the demand curve. 2. Circle the variables...
-
1. A change in supply causes a ______ (movement along/shift of) the supply curve. A change in quantity supplied causes a ____ (movement along/shift of) the supply curve. 2. Circle the variables that...
-
Determine the cost of goods sold if a company's beginning inventory was $30,000, purchases during the period amounted to $120,000, and the ending inventory was valued at $40,000. Discuss the...
-
Budgeting at Johnson & Johnson Values: Item Budgeted Amount Actual Amount Sales $90,000,000 $85,000,000 Variable Costs $40,000,000 $40,000,000 Fixed Costs $25,000,000 $25,000,000 Requirements:...
-
Calculate Debt Ratio: Requirements: Given the following figures from a balance sheet: Total Liabilities: $400,000 Total Assets: $800,000 Compute the debt ratio. Express the debt ratio as a...
Study smarter with the SolutionInn App