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Which economic goal would be the most difficult to measure or to quantify?
Economic freedom.
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 are three types of utility in economics?
form utility time utility place utility
What are the Different types of utilities created by intermediaries?
There are Six Utilities: Form Utility, Time Utility, Place Utility, Possession Utility, Information Utility, and Service Utility.
What are some economic utilities created by business activities?
Form Utility, Place Utility, Time Utility, Possession Utility, and Information Utility.
How utility differs from usefullness why it is subjective and why it is difficult to quantify?
Utility is how something is useful. Utility is something that can be useful.
How does tyranny of the majority make calculating utility difficult?
which to the fallowing makes it difficult to calculate the utility of an act
Which economic goal would be the most difficult to measure or to quantify?
Economic freedom.
What were the causes of Afghanistan?
The British found out that the Afghans were a bit difficult to deal with in the 1840s.... The causes of Afghanistan are very difficult to quantify......
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.
Why are statistics for congential external ear deformities difficult to quantify?
Statistics for congenital deformities of the external ear are difficult to obtain because the causes are so diverse.
Is journey to Jo'berg old literature?
Old is difficult to quantify, but Journey to Jo'berg is less than 30 years old
Do Olay Regenerist products really reduce wrinkling?
Olay Regenerist seems to work to a certain degree,but it's difficult to quantify.
How many fans does Bugs Bunny have?
Bugs Bunny is known world wide and it would by difficult to quantify exactly how many fans he has .
How many security features are on Android OS?
It's difficult to quantify as each version of Android has added or improved on security features.
What is the past tense of quantify?
The past tense of quantify is quantified.
How dangerous are twisters?
It is difficult to quantify such a thing, but tornadoes are very dangerous. Every year they cause dozens of deaths and hundreds, sometimes thousands, of injuries.
