According to von neumann and morgenstern’s utility index, decisions are made to maximize… expected utility expected monetary value expected marginal loss.
Answers
According to von Neumann and Morgenstern's utility index, decisions are made to maximize Utility Measures and Utility Function expected utility expected monetary value expected marginal loss.
Von Neumann–Morgenstern utility function, an extension of the idea of consumer preferences that comes with a theory of behavior toward risk variance. It was put forth by John Neumann and Oskar Morgenstern in Theory of Games and Economic Behavior (1944) and arises from the expected utility hypothesis.
To maximize expected utility implies that the individual chooses the choice that yields the very best average utility, where average utility may be a probability-weighted sum of all utilities. This theory requires that the patron knows the probability of each outcome.
Expected utility, in decision theory, the mean of an action to an agent, calculated by multiplying the worth to the agent of every possible outcome of the action by the probability of that outcome occurring then summing those numbers.
The fundamental theorem of John von Neumann's scientific theory states that during a broad category of games it's always possible to search out an equilibrium from which neither player should deviate unilaterally. Utility function measures the preferences consumers apply to their consumption of products and services.
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Related Questions
Match each participant in the economy with one action that contributes to
the circular flow of the free-market system,
Consumers
?
Providing investment
capital
Governments
?
Paying wages
Producers
?
Collecting taxes
Answers
Consumer - Provide investment
Government - collecting tax
Producer- Pay wages
What is free market?Free market is a market that allows people or individual to trade without restrictions by the government.
It allows for inter trade without any policies by the government. The market is determined by the sellers.
Therefore, action that contributes to
the circular flow of the free market is
Consumer - Provide investment
Government - collecting tax
Producer- Pay wages
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Excuse me,
(ಠ_ಠ)
ง ง
Answers
Explanation:
flora Quinton is buying a new air compressor for her auto repair shop. it sells for $1,299. She makes a down payment of $199 and finances the remainder. How much does she finance?
Answers
Answer:
$1,100
Explanation:
flora Quinton is buying a new air compressor for her auto repair shop. it sells for $1,299. She makes a down payment of $199 and finances the remainder. How much does she finance?
1,299 - 199 = 1,100
Which of the following is most likely true about the digital age with regards to marketing?
A) The number of businesses connecting people over digital networks is in decline.
B) Digital networks allow marketers many ways to build customer relationships.
C) The Internet has had little impact on the ways consumers purchase products.
D) Most firms are shifting back to traditional marketing forms to build customer value.
E) Online-only marketing is more commonly used by firms than multichannel marketing.
Answers
Digital networks allow marketers many ways to build customer relationships.
In the digital age, it is most likely true that digital networks allow marketers many ways to build customer relationships. The advent of the internet and digital technologies has revolutionized the field of marketing, providing new and diverse avenues for businesses to engage with their customers.
Digital networks enable marketers to reach a wider audience, connect with customers in real-time, and engage with them through various channels such as social media, websites, email marketing, mobile apps, and online advertising. These platforms offer opportunities for personalized and targeted communication, interactive experiences, and data-driven insights that can enhance customer relationships.
By leveraging digital networks, marketers can gather valuable customer data, analyze consumer behavior, and tailor their marketing efforts to meet the specific needs and preferences of individual customers or target segments. This allows for more precise and effective targeting, improved customer segmentation, and the delivery of personalized content and offers.
The internet and digital technologies have significantly impacted consumer behavior and the ways in which products are purchased. Consumers increasingly rely on digital channels to research products, compare prices, read reviews, and make online purchases. This shift in consumer behavior has prompted businesses to adapt their marketing strategies to meet the demands of the digital age.
While some traditional marketing forms may still be effective in certain contexts, the digital age has undoubtedly expanded the marketing landscape and provided new opportunities for businesses to connect with their target audience. Therefore, option B, stating that digital networks allow marketers many ways to build customer relationships, is most likely true.
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2 A fall in the price of crude oil from $90 per barrel to $80 per barrel leads to an infinite fall in
quantity supplied
Answers
The price elasticity of demand with an infinite decrease in quantity supplied would be infinite.
Infinite elasticity, also known as perfect elasticity, is a scenario in which either the quantity demanded (Qd) or the quantity supplied (Qs) shifts by an infinite amount in response to any price change at all. This is an extreme example of the concept. The supply curve and the demand curve both have a line in both of these scenarios.
An extreme case would be a demand that is perfectly elastic. When we talk about perfect elastic demand, we imply that the quantity required will go all the way to infinity when the price goes down, but it will go all the way down to zero when the price goes up. You can think of perfectly elastic demand as "all or nothing" when consumers are particularly sensitive to changes in price. This is because consumers in this situation will either buy everything or nothing at all.
Your question is incomplete, but most probably your full question was:
A fall in the price of crude oil from $90 per barrel to $80 per barrel leads to an infinite fall in quantity demanded. Calculate the price elasticity of demand?
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a group of farmers planned to harvest 80 acres of wheat per day to finish their work on schedule. right before the work started, they received a new piece of machinery that helped them to harvest 10 more acres per day than originally planned. on the last day before their deadline, they only had to harvest 30 acres due to their increased productivity. how many acres of wheat did the group of farmers have to harvest? answer: the group of farmers had to harvest acres.
Answers
The group of farmers had to harvest acres.
Assembling a ripe cultivar from the fields is the process of harvesting. Reaping is the act of harvesting grain or pulses by cutting them with a scythe, sickle, or reaper. Logging is the most unskilled labor activity of the growing period on smaller farms with little mechanization.
The act of gathering a plant's useful part or parts is known as the harvest. It is a human-made voluntary intervention that is carried out when all of the said nutrients had already developed and are worth eating parts reached that point of maturity necessary for subsequent treatments.
Maximizing crop damage yield while minimizing moisture loss are the objectives of good harvesting. Harvesting can be carried out manually with hands, knives, or both.
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Before you move forward, summarize the changes you will need to make to your new budget. Describe these changes in at least two sentences.
Answers
Answer: yes
Explanation:
The right answer on edge is: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.
Answer:
The right answer on edge is: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.
Explanation: I just did the test an got a 100
influences of Business environment,
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Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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On January 2, 2020, All Good Company purchased 6,000 shares of the stock of Big Bad Company, and DID obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $10.00 per share, and represents a 30% ownership stake. Big Bad Company made $450,000 of net income in 2020, and paid dividends to All Good Company of $40,000 on December 15, 2020. Big Bad Company's stock was trading on the open market for $15.50 per share at the end of the year. Use this information to determine the book value of the investment that should be reported at year end by All Good Company. Round to nearest whole number (no cents).
Answers
Answer:
$155,000
Explanation:
Calculation to determine the book value of the investment that should be reported at year end by All Good Company
Initial investment (6,000* $10.00 per share) $60,000
Add: Net income ($450,000*30%) $135,000
Less: Dividend ($40,000)
Ending balance of investment $155,000
($60,000+$135,000-$40,000)
Therefore the book value of the investment that should be reported at year end by All Good Company is $155,000
The book value of the investment that should be reported at year-end would be $155,000 by All Good Company.
What is the calculation of the book value of the investment?The initial investment is derived as;
\(6,000* 10.00\\=60,000\)
Now, net income would be;
\(450,000*0.30\\=135,000\)
The Dividend is given as $40,000, which would compute the ending balance of investment as;
\(60,000+135,000-40,000\\=155,000\)
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10. Discuss any three functions of Money?
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Money acts as a medium of exchange, a store of value, and a standard of deferred payment. Money is used in credit transactions, allowing individuals and businesses to borrow or lend money to meet their needs.Money is a critical tool for conducting economic activity. It serves as a medium of exchange, a store of value, and a standard of deferred payment.
Functions of Money: Money is the most essential tool in modern economies and has several functions. Here are three of the most important functions of money: Medium of exchange: Money serves as a medium of exchange in trade. Instead of swapping one good for another, people can purchase goods and services with money.
Money acts as a common measure of the value of all goods and services in an economy.
Store of value: Money also serves as a store of value. In other words, you can save the money you earn for future use. You can put it into savings accounts or invest it in stocks or bonds. As a result, money serves as a bridge between the present and the future.
Standard of deferred payment: Money serves as a standard of deferred payment. It means that when a transaction is made, the payment can be postponed for future use. Money is used in credit transactions, allowing individuals and businesses to borrow or lend money to meet their needs. As a result, credit transactions become possible.Money acts as a medium of exchange, a store of value, and a standard of deferred payment. Money is used in credit transactions, allowing individuals and businesses to borrow or lend money to meet their needs.Money is a critical tool for conducting economic activity. It serves as a medium of exchange, a store of value, and a standard of deferred payment. Money makes it simple to conduct trade by providing a universal means of payment. Money has evolved over time, and people have developed a variety of mediums of exchange, including precious metals like gold and silver, paper currency, and, more recently, digital currency.Money is frequently used as a store of value, which means it can be saved and used for future purchases. When people save money, they put it in accounts, bonds, or other investments, which earn interest and grow over time. The value of money can be volatile, depending on a variety of factors, including inflation, which occurs when prices rise over time. Inflation reduces the purchasing power of money, making it worth less in the future than it was when it was first earned.
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What are the three basic functions of money ?
Answers
Answer: Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.
The three basic functions of money are store of value, unit of account, and medium of exchange.
What is money?The exchange of commodities and services is referred to as "money." The currency is the country's currency. Different countries use various currencies. Money is typically represented by paper notes and coins. When compared to the batter system, money is more convenient.
There are the three basic money functions such as medium of exchange to currency, it was the paper note into the monetary term. Money was the basic purpose of the buying and selling. It was the easily to the store and spend on as per the conveniently.
As a result, the significance of the three basic functions of money are the aforementioned.
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i am making marketing plan for a company can anyone help me in making swot analysis
Answers
A SWOT analysis is to determine the strengths as well as the weaknesses, and threats associated with the company.
What is SWOT analysis?SWOT analysis is been carry out in an organizations to develop a full awareness in term of strength and weakness so as to be able to make business decision.
Steps that are required in SWOT analysis are:
Checking external environment.Carry out analysis on industry and competitionKnow the external opportunities and threats.Since the information is not complete, this is a guide on SWOT analysis
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What is a common consequence for an athlete who is been found to have used a banned drug a major competition
Answers
Answer:
Athletes who are found to have used such banned substances, whether through a positive drugs test, the biological passport system, an investigation or public admission, may receive a competition ban for a length of time which reflects the severity of the infraction.
Explanation:
Answer:
down below
Explanation:
A common form of punishment is disqualification from the sport they are competing in, a temporary ban from the sport, revoking their prize, and, in a few cases, permanent ban from competing in the sport they were found with the drug.
You can look up news articles to get more information.
Hope this helps! :)
Melanie graduated from the College of Business at the University of Arizona. What type of higher education Institution did she attend?
OA.
A college
OB.
A university
Ос.
A technical school
OD. A professional school
Answers
Which of the following is a service?
A restaurant meal
B taxi cab ride
C dry-cleaning fluid
D concert t-shirt
Answers
Answer:
B: Taxi cab ride
Explanation:
Because the rest you do youself and the taxi ride someone or you are doing it for someone else
here's a easy career question
Answers
The answer is A) adjunct
Hope this helps :)
provide a defination of GAAP
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Answer:
Showing results for provide a definition of GAAP
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Generally accepted accounting principles, or GAAP, are a set of rules that encompass the details, complexities, and legalities of business and corporate accounting. The Financial Accounting Standards Board (FASB) uses GAAP as the foundation for its comprehensive set of approved accounting methods and practices.
For a customer of Lush, how will their MVV translate to your experience?
For an employee of Lush, for example a shop worker – how might the companies MVV affect your working life, your daily experience and your perspective of the business?
Answers
Barry and Mary have accumulated over $4.1 million during their 50 years of marriage. They have three children and four grandchildren. How much money can they gift to their children in 2020 without any gift tax liability? (Enter your answer in dollars not in millions of dollars.)
Answers
In 2020, Barry and Mary can gift up to $105,000 to their children without incurring any gift tax liability.
In 2020, the annual gift tax exclusion amount per recipient was $15,000. This means that Barry and Mary, as a married couple, can each individually gift up to $15,000 to each of their children and grandchildren without incurring any gift tax liability.
Barry and Mary have a total of three children and four grandchildren. To calculate the total amount they can gift without tax liability, we need to consider the number of recipients and multiply it by the gift tax exclusion amount.
Number of recipients = Number of children + Number of grandchildren = 3 + 4 = 7
Gift tax exclusion amount per recipient = $15,000
Total gift tax exclusion amount = Number of recipients × Gift tax exclusion amount
= 7 × $15,000
= $105,000
Therefore, Barry and Mary can gift up to $105,000 in total to their children and grandchildren in 2020 without incurring any gift tax liability. This amount allows them to distribute their accumulated wealth to their family members as gifts while staying within the gift tax exemption limits.
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it is not necessary for top corporate executives to communicate with managers at the operations level true or false
Answers
False. It is necessary for top corporate executives to communicate with managers at the operations level. While top executives may not directly oversee day-to-day operations, they are responsible for the overall success of the company, which requires a comprehensive understanding of all aspects of the business, including operations.
Effective communication between top executives and operations managers is crucial for ensuring that the company's strategies and goals are being implemented effectively and efficiently. Top executives need to be aware of any issues or challenges that arise at the operations level in order to make informed decisions and provide guidance and support to the managers responsible for addressing those issues.
Furthermore, regular communication between top executives and operations managers can help to foster a culture of collaboration and teamwork, which can ultimately lead to increased productivity and success for the company as a whole.
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The government should not worry about the environment. It has no business to worry about how people treat the pollution, waste, nature and land use, as all of these things are not necessary to help make a good economy.
True
False
Answers
Answer:
true
Explanation:
in the long run, when average total cost does not depend on the quantity of output, a firm experiences: multiple choice economies of scale. incorrect diseconomies of scale. constant economies to scale.
Answers
A firm will eventually enjoy economies of scale when the average total cost is constant regardless of the output volume. As a result, option (A) is correct.
What is meant by economies of scale?Economies of scale are the cost advantages that businesses gain as a result of their size of operation in microeconomics. They are commonly quantified by the amount of product generated in a given amount of time. Scale expansion is made possible by falling unit production costs.
Technical, statistical, organizational, or other elements that are related to the level of market control may form the basis of economies of scale. Only a portion of the idea has been explained here.
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Calculate the 4-day moving average for the following data (Remember that
you're finding 4 different averages)"
1
2
3
4
$182.60
$172.95
$160.08
$175.83
$152.01
$157.89
$148.48
5
6
7
Your answer
Answers
Answer:
116 . 100. 560 . 58
257 . 1100. 342 . 186
According to the video, what activities are affected by Market Research Analysts? Check all that apply. pricing advertising hiring production placement shipping
Answers
Answer:
Pricing, advertising, production, & placement
Explanation:
Just answered
Answer:
pricing
advertising
production
placement
Explanation:
I got it right on edge
Which of the following is a characteristic of a competitive market?
A) Standardized product
B) All of these
C) Few buyers
D) Barriers to entry
E) Few sellers
Answers
partner a receives property other than money and hot assets in a liquidating distribution. his outside basis is less than the inside basis of the distributed assets. partner a's the basis of the other property will be:
Answers
In this scenario, the partner's basis in the other property will be equal to the outside basis minus any liabilities assumed by the partner as part of the distribution.
What's the outside basisThe outside basis is the partner's initial investment in the partnership, increased by any additional contributions and decreased by any distributions or losses. The inside basis, on the other hand, is the partnership's tax basis in the distributed assets.
It is important for partners to understand their basis in distributed assets as it affects their tax liability upon sale or disposition of those assets.
Partners may need to consult with a tax professional for guidance on calculating and tracking their basis in partnership assets.
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In 30-50 words, describe credit score
Answers
Answer:
A credit score is a three-digit number, typically between 300 and 850, designed to represent your credit risk, or the likelihood you will pay your bills on time.
Credit scores are calculated using information in your credit reports, including your payment history, the amount of debt you have, and the length of your credit history. Higher scores mean you have demonstrated responsible credit behavior in the past, which may make potential lenders and creditors more confident when evaluating a request for credit.
Conider the market for grain in a Wet African nation. Suppoe the United Nation initiate a program to ditribute free grain to houehold in that Wet African nation. The immediate effect of the UN grain ditribution program on houehold and farmer in the Wet African nation would be to
Answers
Distributing the free grains to households in wet African regions by the united nations, it would drive the price up.
What are the objectives of the United Nations?The United States is an international organization made up of 51 states that were founded with the goals of promoting social progress, a greater standard of living, and human rights in addition to preserving world security and peace.
Which three nations don't belong to the UN?Taiwan, Kosovo, and Vatican City are the only three nations in the world that are unable to join the UN. The UN views Taiwan and Serbia as being a component of China and Serbian, respectively, rather than as sovereign states.
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What is the purpose of a headline?
O introduce the text
O indicate the page or section break
o reduce the need for graphics
o divide the document
Answers
Discussion: Ethical and Security Concerns regarding
personal electronic use at work
Perform the following tasks:
Step 1: Post your response to the following
question on the discussion board. Initial p
Answers
Post your response to the following question on the discussion board.
When it comes to personal electronic use at work, ethical and security concerns arise that need to be addressed by both employees and employers. While personal electronic devices can enhance productivity and provide convenience, they also pose risks to sensitive company information and can lead to distractions and decreased focus on work tasks. From an ethical standpoint, employees should be mindful of the company's policies regarding personal device usage. Using personal electronic devices for non-work-related activities during work hours may be considered unethical as it can lead to a misuse of company resources and time. Employees have a responsibility to prioritize their work duties and ensure that personal device usage does not interfere with their professional responsibilities.
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