1. Can Albert's choices be represented by any utility function? If so, find a utility function that represents his choices. If not, explain why by finding contradictions in the implications of his choices. 2. Do Albert's choices violate Axiom a or 3? 3. Can Brittney's choices be represented by any utility function? If so, find a utility function that represents her choices. If not, explain why by finding contradictions in the implications of her choices.

Q: Write a note on easy writing and discuss types of eassys

A: Essay writing would mean simple writing Writing that would include systematic paragraph…

Q: I need help working through this problem

A: Market clearing price and quantity is archived where both seller and buyer agree to exchange their…

Q: An agricultural seed company has an inverse demand given by: P = 120 - 2Q, and a cost function given…

A: Note : In case of multiple questions , we answer only the first question.  The answer to your first…

Q: Business plan

A: Definition A business plan is a document which explains how a company usually a startup that defines…

Q: I typed it in, it's wrong

A: Elasticity of demand is a concept used in economics to measure the responsiveness of the quantity…

Q: What is science

A: Science refers to knowledge that deals with the physical world and its phenomena and is based on…

Q: definition of products, goods and services

A: TO understand the definition of these terms, we need to understand that goods and products are used…

Q: Please answer full questions including fill in the blanks.

A: When an initial injection into a circular flow results in a larger ultimate rise in real national…

Q: Where did the $98 come from?

A: Deadweight loss can be described as the loss of total welfare or the social surplus because of…

Q: How are the annual revenues and expenses estimated?

A: The annual revenue can be estimated by multiply the units of goods and services sold to the price…

Q: How purchasing power affect the business?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Why are families so important to the American economy?

A: Rising monetary disparity in the United States and all over the planet is broadly considered a…

Q: dccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccc…

A: Your question is not visible.

Q: What is home economic

A: Economics is a part/branch of the social-science in which we worried about the consumption,…

Q: one idea of how important ethics are in the business industry.

A: Almost every corporation now has an ethics code. Technological advancements and digital…

Q: What are commercial loans?

A: Loan is a type of debt instrument in which a sum of money is borrowed by an individual or a firm…

Q: It is a share of ownership in a business or company

A: Investors who swap capital for these units possess shares, which reflect equity ownership in a firm…

Q: What is the cheapest loan?

A: A loan is the lending of money by an individual or a group to another individual or a firm, with an…

Q: What important informations are required in evaluations?

A: Evaluation can be understood as a systematic and objective assessment of an ongoing or completed…

Q: Common technology uses on daily basis

A: Technology is the method by which we put scientific knowledge to practical use. It encompasses not…

Q: Financial statements, what are they? what are they used for? Why are they important? What are the…

A: For business , individual , lender , government financial statements are very useful to know the…

Q: was the article located or you want me to pase the text for you

A: Disclaimer: I can certainly help you identify the key components of the article without requiring…

Q: The process of developing a service plan

A: A service plan is a comprehensive approach that businesses use to manage client interactions. An…

Q: What are some mandates and compliance regulations that protect people's identity and privacy?

A: Concept Privacy refers to a person's ability to control when, how, and to what extent their personal…

Q: What are the importance of awards and quality certifications in business organizations?

A: Awards and quality certifications increase the brand of the business organization. For the…

Q: I cannot understand anything written on this paper, would you please be able to type it?

A: This graph is actually showing the relationship between real exchange rate and nominal exchange rate…

Q: What are the two kinds of Indian budget?

A: Introduction - The French word "bougettee," from which the English word "budget" is derived, refers…

Q: Express your thoughts/ideas regarding the given topic "My home.

A: ANSWER:   MY HOME : * Home is place where we stay with our families and live safely :The saying East…

Q: What couses immigration

A: Immigration refers to the movement of individuals from their home country to any other country. The…

Form Utility

The term utility in general refers to the satisfaction earned from usage of a particular product or service. Utility always plays an important role because it influences various important elements like demand & thereby the price of the good or service as well. Though utility is not easy to measure, various types of economic models can be used indirectly. There can be various types of utilities like economic utility, marginal utility, cardinal utility, form utility.