--%>
Assignment Help - homework help

ordinal utility

In economics, what is ordinal utility and what are its assumptions

   Related Questions in Microeconomics

  • Q : Human Capital-General Training The

    The knowledge regarding local trees and shrubs which Morgan learns as working as an apprentice landscaper in suburbs of a big city is an illustration of the advantages from: (i) Dirty work. (ii) Dues-paying. (iii) General training. (iv) High-skilled employment. (v) Sp

    		•
  • Q : Output From the heterodox approach,

    From the heterodox approach, what options does the enterprise need to produce more output? What effect do these options put on its cost structure?

    		•
  • Q : Bargaining power of the union problem

    When a firm's inventories are comparatively high, then the bargaining power of union is: (i) Huge, since the firm cannot afford interruptions of the production. (ii) Great, since the firm's gains are low. (iii) Low, since the firm can sell its invento

    		•
  • Q : Estimate federal poverty rate The

    The federal poverty rate computed by the Bureau of the Census is the: (w) ratio of poverty income to the average income. (x) number of persons below the poverty line. (y) percentage of persons below the poverty line. (z) official defi

    		•
  • Q : Quantity of good supplied-Law of supply

    The law of supply states that the amount of a good supplied is: (i) Legally governed by the production regulations. (ii) Inversely related to its absolute price. (iii) Recognized by the consumer tastes in the free market economy. (iv) Positively relat

    		•
  • Q : Tax onto the mathematically impaired By

    By the opinion of public finance economists and financial analysts that the label “a tax onto the mathematically impaired” is most likely most applicable to: (1) land taxes. (2) income taxes. (3) inheritance taxes. (4) purchases of lottery

    		•
  • Q : Consumption and saving schedules The

    The consumption and saving schedules demonstrate that: A) consumption rises, but saving declines, as disposable income rises. B) saving varies inversely with the profitability of investment. C) saving varies directly with the level of disposable income. D) saving is i

    		•
  • Q : Earning zero economic profit Within a

    Within a monopolistically competitive industry along with no barriers to entry, long run equilibrium will be reached along with the firms into the industry: (1) maximizing total revenue. (2) producing their most efficient outputs. (3)

    		•
  • Q : Unitarily elasticity and profit

    When all costs are fixed in the short run, a monopolist maximizes profit through producing and selling the output level where: (1) demand is price elastic. (2) marginal revenue most greatly exceeds marginal cost. (3) demand is price inelastic. (4) mar

    		•
  • Q : Law of Supply in quantity supplied The

    The law of supply defines that higher prices cause rise in the: (i) Demand for good. (ii) Supply of the good. (iii) Quantity supplied. (iv) Gains of investors. Can someone please help me in finding out the accurate answer from the

    		•