What is the difference between an ordinal ranking and a cardinal ranking?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

See More Books

Question Posted: Mar 17, 2016 04:47 AM

See More Questions

What is the difference between an ordinary annuity and an annuity due? Which is more valuable? Why?
What is the difference between an MRP system and an ERP system?
What is the difference between an e-mail and an Internet survey?
Ginter Co. holds Kolar Inc.s $10,000, 120-day, 9% note. The entry made by Ginter Co. when the note is collected, assuming no interest has been previously accrued, is: (a) Cash Notes Receivable (b)...
What steps are required in the development of an ER diagram?
Assume that Sivart Corporation has 2020 taxable income of $1,750,000 for purposes of computing the 179 expense and acquired several assets during the year. Assume the delivery truck does not qualify...
Use the PewWorkPlay dataset to build a set of nested regression models to address the following two hypotheses: 1. Income affects score on the Concern about Job index. 2. Once you take into account...
1. How did Dansko's founder Peter Kjellerup's Danish heritage affect the development of Dansko's shoe line and its commitment to ethics and social responsibility? 2. Why might employee ownership be a...
Joe and Mia are 50:50 partners in the J&M Shop. The Shop has experienced financial difficulty over the past three years. After liquidating all its assets, the Shop still owes $15,000 to creditors....
Jerry Frost invested equipment in his business having a fair market value of $23,500. What are the effects on the fundamental accounting equation? Assets increase $23,500; liabilities, no effect;...
Give an example of preferences (i.e., a ranking of baskets) that do not satisfy the assumption that preferences are transitive.
Suppose Debbie purchases only hamburgers. Assume that her marginal utility is always positive and diminishing. Draw a graph with total utility on the vertical axis and the number of hamburgers on the...
Tanya has just been offered a retirement package from her work as a sales representative with Miracle Make-up. Her long-term goal has been to start up a day spa resort on the east coast of Victoria...
Joint Ventures are a common Mode of Entry in international business. Appreciate if in-depth elaboration provided on its advantages and disadvantages. Also briefly mention the factors which make joint...
The field excursion is intended to give students an opportunity to carry out an applied geographical research project based on observation, data recording, and analysis. Using a field site of your...
An angry coworker is expressing their needs through a rush of emotion and snide comments while another coworker is trying to interpret them to provide some help and support. You are a manager and...
You may have a general understanding of the difference between ethics and legality , but could you explain the distinction? It is not always easy to know where to draw the line between the two. Some...
Someone can be a good leader but not be a very good manager and vice-versa. Leadership is creating a vision for others to follow, establishing corporate values and ethics, and transforming the way...
LBJ Enterprise, a Malaysian-based company, requires $150 million for its expansion project in Indonesia. At its recent board meeting, the chairman proposed that the funds should be raised through...
You have accepted the engagement of auditing the financial statements of the C. Reis Company, a small manufacturing firm that has been your auditee for several years. Because you were busy writing...
Distinguish between a purchase and a pooling of interests.
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...
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...
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...
Question 7 of 7 0/14 W PIERDERY Current Attempt in Progress Your answer is incorrect Buffalo Corporation adopted the dollar value LIFO retail inventory method on January 1, 2019. At that time the...
Cost of debt with fees . Kenny Enterprises will issue a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 9.9% with semiannual payments, and will use an investment...
Assume that an investment of $100,000 is expected to grow during the next year by 8% with SD 20%, and that the return is normally distributed. Whats the 5% VaR for the investment? A. $24,898 B....

What is the difference between an ordinal ranking and a cardinal ranking?

Question:

Step by Step Answer:

An ordinal ranking simply orders the baskets but does not give any indicatio...View the full answer

Microeconomics

Students also viewed these Economics questions