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The Satisfaction a person gets from consumption
this is for apex economics
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What the following is measured by utility?
The satisfaction a person gets from consumption. APEX!!
How is utility measured?
the satisfaction a person gets from consumption
How is the gas utility service to your home measured?
Hundred cubic feet.
What is cardinalist school of thought?
The Cardinalist school asserts that utility can be measured and quantified. It means, it is possible to express utility that an individual derives from consuming a unit of good.
Examples of cardinal utility and ordinal utility?
Cardinal utility is seen in instances where satisfaction can be measured in numbers like 1, 2, 3 and for example, someone may prefer 2 hamburgers to 1. In ordinal utility, it is impossible to quantify the utility according to numbers, but here, preference and rank come to play. Someone would rate a bicycle lower than a motorcycle.
What the following is measured by utility?
The satisfaction a person gets from consumption. APEX!!
How is utility measured?
the satisfaction a person gets from consumption
How is electric consumption measured by utility companies?
A meter.
How is water utility service to your home measured?
The water you use is measured by the number of gallons you use.
How is utility service to your home is measured?
Kilowatt Hours (kWh)
What is the electricity utility service to your home measured in?
In kilowatt hours (kWh). A+
How is the gas utility service to your home measured?
Hundred cubic feet.
How gas is utility service to your home measured?
In hundred cubic feet (Ccf). A+
What is cardinalist school of thought?
The Cardinalist school asserts that utility can be measured and quantified. It means, it is possible to express utility that an individual derives from consuming a unit of good.
Which of the following helps maintain system resources?
Utility software
Which one of the following is not a type of a utility program file manager image viewer spreadsheet and search utility?
A spreadsheet. It is an application.
What is difference between ordinal approach and cardinal approach?
In consumer behavior, the satisfaction that consumers get by consuming commodities is utility. A cardinalist thinks that utility can be measured, quantified, and expressed in quantitative terms. An ordinalist thinks that you cannot measure utility in quantitative terms.
