Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 15, 2019

Respond that the following statement is correct or incorrect? A person who gives money away to people on the street does not have preferences that

Respond that the following statement is correct or incorrect?

A person who gives money away to people on the street does not have preferences that can be represented by a utility function.

Step by Step Solution

★★★★★

3.40 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

The statement A person who gives money away to people on the street does not have pref... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Document Format ( 2 attachments)

609ac90d1fc7e_30981.pdf

180 KBs PDF File

609ac90d1fc7e_30981.docx

120 KBs Word File

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Control Systems

Authors: Richard C. Dorf, Robert H. Bishop

12th edition

136024580, 978-0136024583

More Books

Students also viewed these Economics questions

Question

★★★★★

Respond that the following statement is True of False: Activity-based costing is a costing method that is designed to provide managers with product cost information for external financial reports.

Answered: 1 week ago

Question

★★★★★

Respond that the following statement is True of False: Tina incorporates her sole proprietorship with assets having a fair market value of $100,000 and an adjusted basis of $110,000. Even though...

Answered: 1 week ago

Question

★★★★★

A satellite single-axis attitude control system can be represented by the block diagram in Figure CP2.5. The variables k, a, and b are controller parameters, and J is the spacecraft moment of...

Answered: 1 week ago

Question

★★★★★

Determine the force in members HI, FI, and EF of the truss, and state if the members are in tension orcompression. 3 m D. -2 m--2 m2 m--2 m--2 m--2 m- 4 kN 5 KN 6 kN 8 kN

Answered: 1 week ago

Question

★★★★★

Consider the following income statement: Sales.....................$824,500 Costs......................538,900 Depreciation.............126,500 EBIT..............................? Taxes...

Answered: 1 week ago

Question

★★★★★

What is a permanent account? List three specifi c examples of permanent accounts.

Answered: 1 week ago

Question

★★★★★

The response time (in minutes) of a patient to a new medical treatment for a disease is a continuous random variable X with distribution function F(x) = 1 (x + 1)ex, x > 0. (i) Obtain the density of...

Answered: 1 week ago

Question

★★★★★

Village Voice Media, owners of the famous Village Voice newspaper in New York City, sent a letter to The Cape Cod Voice, a year-old publication located in Orleans, Massachusetts, objecting to the use...

Answered: 1 week ago

Question

★★★★★

A frictionless piston-cylinder device initially contains 200L of saturated liquid refrigerant-154a. The piston is free to move, and its mass is such that it maintains a pressure of 800kPa on the...

Answered: 1 week ago

Question

★★★★★

A 15-year-old holds up a corner convenience store using a gun. Although the offender threatened the clerk with the gun, no one was injured. The 15-year-old has no prior record. The offender did run...

Answered: 1 week ago

Question

★★★★★

You buy a bond with a $1,000 par value today for a price of $925. The bond has 7 years to maturity and makes annual coupon payments of $85 per year. You hold the bond to maturity, but you do not...

Answered: 1 week ago

Question

★★★★★

Because a mother does not want to "spoil" her new born baby. She feeds and takes care of her baby's physical needs when she thinks the baby needs care, not when the baby cries to indicate their...

Answered: 1 week ago

Question

★★★★★

Application of Core Conflictual Relationship Theme (CCRT) Therapy to counselling immigrants and refugees Evidence understanding of applying a contemporary psychodynamic theory which can be modified...

Answered: 1 week ago

Question

★★★★★

Which of the following features of "There Will Come Soft Rains" does not reflect postmodernism? A . Its pastiche characteristics and blending of genres: elements of satire, speculative fiction,...

Answered: 1 week ago

Question

★★★★★

If a group of people was placed in a crowded room, one person per two square feet of area, given a math exam and most did poorly, this would not demonstrate that crowding causes poor math performance...

Answered: 1 week ago

Question

★★★★★

What does stickiest refer to in regard to social media

Answered: 1 week ago

Question

★★★★★

The premise of memory - based reasoning is that we tend to guide our decisions using the mining technique belongs to the memory - based reasoning category of data mining? Ensemble tree models k -...

Answered: 1 week ago

Question

★★★★★

The roof of a refrigerated truck compartment is of composite construction, consisting of a layer of foamed urethane insulation (t2 = 50 mm, ki = 0.026 W/m K sandwiched between aluminum alloy panels...

Answered: 1 week ago

Question

★★★★★

Define the class RA (in a new file named: RA.java) that inherits from the base class Graduate Student as shown in the UML above and note the following: a. Declare the instance variables as in the...

Answered: 1 week ago

Question

★★★★★

A hydraulic servomechanism with mechanical feedback is shown in Figure P2.21 [18]. The power piston has an area equal to A. When the valve is moved a small amount z, the oil will flow through to the...

Answered: 1 week ago

Question

★★★★★

Consider the feedback control system in Figure DP6.7.The system has an inner loop and an outer loop. The inner loop must be stable and have a quick speed of response. (a) Consider the inner loop...

Answered: 1 week ago

Question

★★★★★

A challenging application of control design is the use of nano robots in medicine. Nano robots will require onboard computing capability, and very tiny sensors and actuators. Fortunately, advances in...

Answered: 1 week ago

Question

★★★★★

20. What is one way in which older adults compensate for less efficient brain functioningpg105

Answered: 1 week ago

Question

★★★★★

22. Why is tPA not helpful in cases of hemorrhagepg105

Answered: 1 week ago

Question

★★★★★

29. Suppose someone has suffered a spinal cord injury that interrupts all sensation from the left arm. Now he or she uses only the right arm. Of the following, which is the most promising therapy:...

Answered: 1 week ago

Previous Question Next Question