What is utility and how does it relate to purposeful behavior?
Question:
What is “utility” and how does it relate to purposeful behavior?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Utility refers to the satisfaction or benefit an individual derives from consuming a good or service engaging in an activity or achieving a goal Its a ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Essentials Of Economics
ISBN: 9781265166632
5th Edition
Authors: Stanley L. Brue, Campbell R. McConnell, Sean Masaki Flynn Dr.
Question Posted:
Students also viewed these Business questions
-
What is the first law of thermodynamics, and how does it relate to energy conservation? What is entropy, and how does it relate to the second law of thermodynamics? What is the difference between...
-
Judicial activism can best be described as: a . ) a willingness to overturn legislation if it limits individual liberty. b . ) the belief that the Court should defer to the legislative branch. c . )...
-
Discuss in detail how the characters of Carl Denham (Jack Black), Ann Darrow (Naomi Watts), Jack Driscoll (Adrien Brody) and King Kong (Andy Serkis) differ from the other versions we've previously...
-
Is land allowed to be depreciated? Why or why not?
-
Refer to Exercise 8.16 and the Analytical Chemistry (Dec. 15, 2009) study in which scientists used high-performance liquid chromatography to determine the amount of drug in a tablet. Recall that 25...
-
In Exercises 8790, determine whether each statement is true or false. If the statement is false, make the necessary change(s) to produce a true statement. Descartess Rule of Signs gives the exact...
-
What is Australias balance on services? Use the following balance of payments data for Australia from the IMF to answer this problems. Assumptions (million US$) 2000 Goods, credit (exports) Goods,...
-
A speculator has purchased land along the southern Oregon coast. He has taken out a ten-year loan with annual payments of $7,200. The loan rate is 6%. At the end of ten years, he believes that he can...
-
Jane Curtain owns Janes Window Fashions, a small window treatment business. In 2021 she reported to you the following: Sales $ 200,000 Cost of sales Jane only buys merchandise upon sales 100,000...
-
What is an inverse relationship? How does it graph? What is a direct relationship? How does it graph?
-
Buy 2, get 1 free. Explain why the 1 free is free to the buyer but not to society.
-
The ocean is mostly heated from the top, by light from the sun. The warmer surface water doesn't mix much with the colder deep ocean water. This lack of mixing can be ascribed to a lack of A....
-
How are models employed in SE decision-making?
-
Define output response.
-
What is set point and dead time?
-
Describe the three ways in which substantive tests may be revised.
-
How are models validated?
-
Greif Brothers Corporation, a steel drum manufacturer, owned and operated a manufacturing plant in Youngstown, Ohio. In 1987, Lowell Wilson, the plant superintendent, hired Youngstown Security...
-
An educational researcher devised a wooden toy assembly project to test learning in 6-year-olds. The time in seconds to assemble the project was noted, and the toy was disassembled out of the childs...
-
Briefly explain whether production of each of the following goods is likely to fluctuate more or less than real GDP does during the business cycle. a. Ford F-150 trucks b. McDonald's Big Macs c....
-
An article in the Wall Street Journal notes that "raising productivity in the long run is the most effective way to elevate standards of living." Do you agree? Briefly explain.
-
An article in the Economist notes, "For 60 years, from 1770 to 1830, growth in British wages, adjusted for inflation, was imperceptible because productivity growth was restricted to a few...
-
Brooklyn Inc. offers boat tours down the Hudson River. The company has signed a lease for a tour boat. The company follows ASPE. The terms of the lease are as follows: Lease Term begins on January 1,...
-
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts...
-
At the end of 2020, Payne Industries had a deferred tax asset account with a balance of $45 million attributable to a temporary book-tax difference of $180 million in a liability for estimated...
Study smarter with the SolutionInn App