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When different bundles of commodities give the same level of satisfaction you are?
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What is indifference Curve?
indifference curve is the graphical representation of the bundles of commodities for a given income level or budget that yields equal satisfaction at all the points.
What is the different between indifference map and indiffirence curve?
Indifference curve is a curve that shows consumption bundles that give the consumer the same level of satisfaction. Indifference map, on the other hand Indifference curve is a graph of two or more indifference curves.
Can two indifference curve have the same utility?
indifference curve is the loci of points, where each represents a combination of goods in different ratios but gives equal amount of satisfaction. indifference curves help us to know which combinations of goods give us equal satisfaction and which increase it. they dont intersect eachother thus its not possible for two indifference curves to have the same level of satisfaction.
What is the absolute value of a good or a service?
The Absolute value of a good or a service is the level of satisfaction of the purchaser of good or recipient of service.
What is monotonic preference?
monotonic preference means that a rational consumer always prefers more of a commodity as it offers him a higher level of satisfaction.
What is indifference Curve?
indifference curve is the graphical representation of the bundles of commodities for a given income level or budget that yields equal satisfaction at all the points.
What is the different between indifference map and indiffirence curve?
Indifference curve is a curve that shows consumption bundles that give the consumer the same level of satisfaction. Indifference map, on the other hand Indifference curve is a graph of two or more indifference curves.
Can indifferent curves cross each other?
no because if crossed they different level of satisfaction
What happens to the level of satisfaction among customers if the performance of products or services is lower than their expectation?
satisfaction level decreases
HR IS effect the employee satisfaction level in Pakistan?
Yes. HR is resposible in effecting (improving) the employees satisfaction level in Pakistan.
What is the meaning of level of satisfaction?
level of satisafacion means that you are satisfied of of what you have achieve.
What are the objectives of job satisfaction in an organization?
· To discover the various expectations those determine the satisfaction level of employee(s). · To measure the level of satisfaction of employees with respect to the company. · To judge the level of job satisfaction of employees on various parameters. · Working conditions · Salary structure/ Perquisites/ Other benefits · Relationship with employees of company · Policies of company
How do you measure customer level of satsafaction?
You can measure the customer's level of satisfaction based on the feedback that he will provide.
What is an Index of Work Satisfaction form?
An "Index of Work Satisfaction form" would be a form used in a survey intended to assess the satisfaction of a work force and to develop a numerical index to describe their aggregate level of satisfaction or dissatisfaction.
Which questions should you ask to patient to know their satisfaction level?
yes
Questionarie on satisfaction level of housewife regarding house holdwork?
A questionnaire on the satisfaction level of a housewife regarding household work might focus on the housewife's satisfaction with the job she feels she's doing. It might also focus on her happiness with doing housework in general.
Define ordinal utility?
Ordinal utility is a concept in economics that refers to the ranking of preferences among different alternative choices based on satisfaction or utility derived by an individual. It does not assign a specific numerical value to the level of satisfaction, but simply ranks the different choices in order of preference. This approach helps in understanding consumer behavior and decision-making without needing to quantify utility levels.
