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One extra unit of money equals 1 extra unit of utility.
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∙ 10y ago
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What is the definition of cashflow?
Money in, money out.
What is the definition of soft money?
money given to parties or political groups in unlimited amounts
What is the definition of pecuniary liability?
The definition of "pecuniary liability" is the responsibility to repay the Government for fiscal irregularities.
What is the definition of the word denomination?
It means "Different values of money."
Objects that have value in themselves and that are also used as money is the definition for?
Objects that have value in themselves and are also used as money are referred to as commodity money.
What is the definition of a company's function?
to make money
Why marginal utility of money is constant in marshalls analysis?
When money income increases by one unit the utility increases and when money income decreases by one unit the utility decreases by one unit . that reflects a positive response that makes the MU of of money remains constant .
What is the definition of money management?
Money management is used in Investment management and deals with the question of how much risk a decision maker should take in situations where uncertainty is present. More precisely what percentage or what part of the decision maker's wealth should be put into risk in order to maximize the decision maker's utility function. Money management gives practical advice among others for gambling and for stock trading as well.
Discuss the function of money?
Discuss the function of money
How diminishing law guides consumer to get equilibrium?
A consumer buys/consumes a product only if marginal utility derived from it is more than marginal utility of money. As he continues consuming the marginal utility derived from every additional unit goes on diminishing but marginal utility of money remains constant. Both utilities match at a place i.e; where marginal utility of product becomes equal to marginal utility of money the consumer stops consumption thus equilibrium is struck.
What is the definition of cashflow?
Money in, money out.
What are the assumptions of cardinal utility approach?
Primarily cardinal utility approach has 5 assumptions. 1 rationality: the consumer is rational about his spending. 2 cardinal utility: the utility/satisfaction can be measured in cardinal NOs like 10, 8, 15, 20etc 3 constancy of money: The money of consumer must remain constant. 4 diminishing marginal utility: Marginal/additional utility of consumer decreases along with successive use of any commodity. 5 total utility: Total utility depends on quantity of commodity. 3
In the neoclassical trandition money has?
In the neoclassical tradition money has no utility except in very special circumstances.
Difference between money and commodity?
Money:-A value that serves as a generally accepted medium of exchange. Money have indirect utility. Money cannot be pinpointed or specified.Commodity:-A reasonable homogeneous good or material that can bought and sold freely. The commodity have direct utility. The commodity can be pinpointed or specified.
Why aren't utility bills reported to credit agencies if they are paid on time?
Utility companies are not credit grantors. You are not borrowing money to be paid back in a specific time period. You are paying for a service when you pay your utility bill.
What is asset function of money?
The asset function of money is Hope. Hope will help you reach your goals.
How many metric tons in 978013 dollars?
US Dollars can't be converted to metric tons. US Dollars measure amount of money, while metric tons measure mass.
