Which term is used by economists to measure the satisfaction a person gets from the use or consumption of goods and services?

Answers

Answer 1

Answer:

The correct answer to the following question will be "Utility".

Explanation:

This is a way of measuring the happiness an individual achieves from commodity production. In several other words, a consumers get from every good is a test of just the effectiveness.It's a measure of how much a show, favorite food, or other things you love.

Therefore, Utility is the right answer.


Related Questions

What is the cocktail party effect? Group of answer choices
The ability to pay attention to one message and ignore others, yet hear distinctive features of the unattended messages.
The inability to pay attention to one message in the presence of competing messages.
The diminished awareness of information in a crowd.
The equal division of attention between competing messages.

Answers

Answer:

The ability to pay attention to one message and ignore others, yet hear distinctive features of the unattended messages.

Explanation:

In psychology, the term cocktail party effect refers to the phenomenon by which the brain can focus its attention on a particular stimulus while filtering out the other stimuli that are not relevant to it. This phenomenon happens especially at places where there's a lot of noise where the listener is able to focus his/her attention in one particular stimulus. However, if there is a distinctive stimulus (like someone saying your name) you can hear this part of the message even if your attention is focused somewhere else.

Therefore, we can conclude that the cocktail party effect is the ability to pay attention to one message and ignore others, yet hear distinctive features of the unattended messages.

Final answer:

The cocktail party effect in psychology refers to the human ability to focus on one conversation or sound in a noisy environment, while still being subtly aware of other 'unattended messages'.

Explanation:

The Cocktail Party Effect is a psychological phenomenon that pertains to attention. More specifically, it refers to the human ability to pay attention to a single conversation or auditory input in a noisy environment, such as a crowded room or a 'cocktail party', while tuning out other conversations or sounds. Although the person is focusing on one specific source of sound, they remain aware of their surroundings to the extent that they can shift their attention if their name or some other 'distinctive feature' is mentioned in the unattended messages.

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A service counter employs two servers. On average a server requires 8 minutes to process a customer and service times follow an exponential distribution. Customers arrive at the counter at the rate of 12 per hour according to a Poisson distribution. The average amount of time, in minutes, spent in the system (i.e., waiting and being served) is approximately:

Answers

Answer:

14.22 minutes

Explanation:

A service counter employs two servers. On average a server requires 8 minutes to process a customer and service times follow an exponential distribution. Customers arrive at the counter at the rate of 12 per hour according to a Poisson distribution. The average amount of time, in minutes, spent in the system (i.e., waiting and being served) is approximately: 14.22 minutes

Final answer:

Given a service rate of 15 customers per hour and an arrival rate of 12 customers per hour, the approximate average time a customer spends in the system, including both waiting and being served, is 20 minutes.

Explanation:

The situation you described is a classic scenario in queuing theory, a mathematical approach to the study of waiting lines. Here, the service rate (µ) of servers is 1 / 8 customers per minute (since, on average, a server needs 8 minutes to process a customer) or 7.5 customers per hour, and there are two servers, so the total service rate is 2 * 7.5 = 15 customers per hour. The arrival rate (λ) of customers is 12 per hour.

For an M/M/2 queue (Markovian/Markovian/2 servers queue), where arrivals follow a Poisson distribution and service times follow an exponential distribution, the average time a customer spends in the system (waiting and being served) can be calculated by the formula:

R = 1 / (µ - λ).

Substituting the given λ and µ values into this formula gives an approximate average time spent in the system of:

R = 1 / (15 - 12) = 1 / 3 = 0.333 hours or 20 minutes.

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"Sandra wishes to study the effects of a mother's cocaine use during pregnancy on cognitive indicators during the first month of her infant's life. What research technique or techniques would be possible and appropriate?"

Answers

Answer: The research technique or techniques that would be possible and appropriate is neither random selection nor random assignment

When Socrates first asks what piety is, Euthyphro initially claims that it is... a. acting kindly and fairly. b. treating everyone equally. c. being very religious. d. prosecuting wrongdoers.

Answers

Euthyphro initially claims that it is d. prosecuting wrongdoers.

Explanation:

Socrates was a great Greek philosopher and famous for his Western ethical tradition of thought. Socrates is one among the founders of Western philosophy.

According to Euthyphro, holy is what is agreeable to the gods. But Socrates disagree with Euthyphro, he mentions that the point agreed by one individual may not be agreeable to all.

Euthyphro defines piety as which is loved by the gods. He also argues that god love things which are spiritual.

Erin is applying for a job at a major fast-food chain. What type of psychologist is most likely to have developed the employee selection procedures, training sessions, and performance appraisal system that she will be subjected to?

Answers

Answer: Industrial psychologist

Explanation:

Psychology has several branches of application, one of them is industrial psychology. Industrial psychology is one that is responsible for studying the processes of selection, training, and supervision of personnel in the industry. The person who is a graduate of the area of ​​industrial psychology is known as an industrial psychologist.

Industrial psychology has been growing. More and more are the companies that need psychologists in their offices, but not only for the simple fact of carrying out a selection and recruitment process, but it is also important to take into account the mental health of the employees of a company.

When a person is going to be interviewed for a job, it is common to be interviewed by an industrial psychologist. The industrial psychologist will know not only the reasons why the person wants to enter the company or entity but also its skills and the possibility that this person can do a good job and contribute to the growth of the company. Then, that the person is admitted, it must go through an induction process, where everything relevant to the organization and its functions are taught.

In Erin's case, the industrial psychologist is responsible for carrying out the process of selection, training, and evaluation of their performance. The psychologist will see how Erin develops from the first day she joined the company and how her evolution takes place.

Products include goods and services, as well as ___, which are thoughts, opinions, and philosophies that can be marketed, just as goods and services can. (Remember to type only one word in the blank.)

Answers

Answer:

Ideas

Explanation:

ideas usually lead to innovation that could become a catalyst for a new and emerging market. In most developed countries, Stealing ideas could make you subjected to a lawsuit.

A famous example of this would be Face-book.

MarkZucker berg was accused of stealing the ideas to create the site from the Winklevoss twins, who eventually brought Mark to the court. The  twins won the case and receive around $65 million payout from the lawsuit.

Final answer:

Along with goods and services, the term 'products' may also refer to ideas, which include thoughts, opinions, or philosophies that can be marketed. Products include goods and services, as well as ideas, which are thoughts, opinions, and philosophies that can be marketed.

Explanation:

Products, in the broadest sense, include goods and services but they also encompass another category often overlooked: ideas. These can be thoughts, opinions, and philosophies that can be marketed just as goods and services can. In fact, the knowledge economy thrives on the marketing and sales of these 'intellectual' products. For example, a thought leader might sell their unique insights or philosophies via books, webinars, or speaking engagements. This category of products is essential for understanding aspects of marketing and business in the digital age.

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Which statement best compares the two jobs? Job A has a lower salary than job B, but the benefits make job A a more attractive pay package. Job B has a lower salary than job A, but the benefits make job B a more attractive pay package. Job A has a higher salary than job B plus benefits that make job A a more attractive pay package. Job B has a higher salary than job A plus benefits that make job B a more attractive pay package.

Answers

The correct answer is Job B has a lower salary than job A, but the benefits make job B a more attractive pay package

The comparison is similar to the metaphor used to demonstrate qualities or actions of elements.

Answer:

B on edge

Explanation:

Job B has a lower salary than job A, but the benefits make job B a more attractive pay package

The term _____ refers to being cognizant of the internal aspects of one's nature, such as personality traits, beliefs, emotions, and perceptions, and appreciating how your patterns affect other people.

Answers

Answer: Self-awareness

Explanation: Self-awareness simply means familiarity or knowledge of one's ability, character or individuality. It refers to an indepth knowledge and understanding of one's personal attribute. It is an individual's conscious knowledge or thought of one's own personality traits, emotion, feelings and perception. It enables an individual to acknowledge differences in his behavioral patterns and that of others within the environment.

Which of the following statements is false? a. The text contained in an identifying label should be left-aligned within the label. b. An identifying label should be positioned either above or to the right of the control it identifies. c. Identifying labels should use sentence capitalization. d. Identifying labels should end with a colon (:).

Answers

Answer:

The correct option is B: An identifying label should be positioned either above or to the right of the control it identifies.

Explanation:

The reason why option B is the false statement from the group of answers is that an identifying label is always positioned either above the control that it identifies or to the left of the control it identifies. It is never positioned to the right of the control and hence, this statement is false. More so, all other options mentioned are actually properties of identifying labels.

Dr. Grodner is conducting an experiment on age-related changes in memory. He is comparing how well retirees and high school students perform on a memory task. In order to conveniently schedule research participants, he has the older adults come to the lab during the day, since they are retired. The students come to the lab in the evening, after they are finished with school and other activities. What is the problematic confound in this study?
A. It is unfair to compare older adults to younger adults, because older adults sometimes experience memory problems.
B. Dr. Grodner has not operationally defined memory for the purposes of his study.
C. If memory turns out to be something that varies by time of day, it is problematic that the older adults all do the study in the morning and the younger adults do the study at night.
D. Older adults have a lot more memories than younger adults, which confound the study.

Answers

Answer: C. If memory turns out to be something that varies by time of day, it is problematic that the older adults all do the study in the morning and the younger adults do the study at night.

Explanation: Confounding variables are additional variables that are not considered in an experiment but however, have an effect on the results of the experiment. For example, if the time of the day affects the memory, this is a confounding variable and it may explain the differences between the memory of the retirees and the school students rather than their age.

Without considering this possibility, the result of Dr. Grodner's experiment will be useless and invalid.

Final answer:

The problematic confound in this study is the convenience of scheduling the older adults during the day and the younger adults in the evening, which introduces a potential time-of-day effect that could influence the results.

Explanation:

The problematic confound in this study is option C, which states that if memory turns out to be something that varies by time of day, it is problematic that the older adults all do the study in the morning and the younger adults do the study at night.

The reason this is a confound is that by scheduling the older adults during the day and the younger adults in the evening, the study introduces a potential time-of-day effect that could influence the results. This means that any differences observed between the two groups may not be solely attributable to their age-related changes in memory. Instead, these differences could be due to the time of day when they were tested, making it difficult to determine the true effect of age on memory.

To eliminate this confound, Dr. Grodner should schedule both groups of participants at the same time of day or randomly assign them to different time slots to ensure that any observed differences are truly due to age-related changes in memory.

You see a newspaper headline that claims that eating pizza is deadly. However, when you read the original scientific article cited in the news, you notice that investigators found a correlation between pizza consumption and death only over a 10-year period. Given what you know about correlation, how would you explain this relationship? a. It is more likely that being closer to death causes pizza consumption, because older people have eaten much more pizza over the course of their lifetime. b. Pizza consumption and death are related somehow, but a correlational study is not able to reveal any kind of causal relationship. c. Pizza consumption causes death, but the mechanisms for this cannot be understood from a correlational study. d. Pizza consumption causes death, but since the period of study is 10 years long, the correlation is very weak at best.

Answers

Answer:

Option B, Pizza consumption and death are related somehow, but a correlational study is not able to reveal any kind of causal relationship.

Explanation:

A causal relation between two events exists if the occurrence of the first causes an effect to the other. Here, the notion of cause and effect is the primary base to find a relation between events.

The statement that consumption of pizza leads to death is not a direct study which was found after studying the measure or degree of relationship between pizza and death. The investigators in this study found a correlation between pizza consumption and death only over a 10-year period. There may be circumstances like age, health, etc. which might have secured a relation between the two when studied for a long period of time. But that does not mean there is a causal relationship between the two.

A correlation between two events does not necessarily imply causation. It can mean a prediction without a real causation. A causal relation should have an immediate cause and effect result between two events or variables to have a causal relationship.

Final answer:

The correlation between pizza consumption and death over a 10-year period does not establish a cause-and-effect relationship; it merely identifies there is a relationship. Many other factors could contribute to this correlation.

Explanation:

Option b is the correct answer. In this case, the study found a correlation, not causation, between pizza consumption and death. A correlational study merely identifies whether there is a relationship between two variables, in this case, pizza consumption and death over a 10-year period. However, it does not establish a cause-and-effect relationship. It could be related to any number of confounding factors, for example, lifestyle habits associated with high pizza consumption like lack of exercise or unhealthy dietary habits in general. To attribute death directly to pizza consumption would be an oversimplification and misleading based on the data provided by a correlational study.

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Which of Erik Erikson’s psychosocial crises revolves around the child’s learning to direct his or her own behavior?

Answers

Answer:

Autonomy vs. Shame and Doubt.

Explanation:

Erickson believed that human personality evolves through eight stages of psychological development, from infancy to adulthood and autonomy vs. shame and doubt was the second stage which started at the age of 18 months upto 2-3 years. At this level performance of the children will lead to the virtue of the will, they exert greater control over their lives. If children are encouraged in their increased independence at this point, they will become more confident and secure about their own ability to survive in the world.

____ is not expected in structured processes, nor is it generally appreciated or rewarded, unlike in the case of dynamic processe

Answers

Answer: Innovation

Explanation: Structured and dynamic processes are organizational principles adopted for performing organizational duties.

In structured processes, formal guidelines are adopted, business rules and principles are planned out by the organization and individual discretion isn't welcome.

In dynamic processes, flexible and informal and are subject to applying one's wisdom and innovation in other to get the job done. Business and managerial rules are not as stringent as in structured processes.

Natural selection _________. is the result of sampling error results in evolutionary adaptation does not affect allelic frequencies prepares organisms for future changes in the environment

Answers

Answer:

give me a minute to find the answer

Explanation:

Sometimes, a state will react differently to a buildup of another state's military capabilities depending upon whether they identify that other state as an enemy or a friend (e.g. the US might see a buildup of weapons in Canada as unproblematic, but be concerned about the same weapons-building process in North Korea). This is an example of an observation that is most consistent with which theoretical perspective?

Answers

Answer:constructivism

Explanation:What is constructivism? Constructivism is a theorical perpective that states that people construct their own knowledge and one's reality is determined by their experiences.

Constructivism believes that people construct their own knowledge and meaning and this meaning is always affected by their prior knowledge. Provided that the US has experienced violent encounter with the North Korea before is eventually going to affect the meaning they associate with build up of weapons in North Korea when compared to Canada which they have never had an violent encounter with before.

Disparate treatment occurs when either different standards are used to judge individuals or the same standard is used but it is not related to the individuals' jobs. True False

Answers

The answer is True

Explanation: Employers are allowed to retaliate against individuals who file discrimination charges.

Priming one thought, even without awareness, can influence another thought, or an action. Unnoticed events can subtly prime our thinking and behavior Group of answer choices True False

Answers

Answer:

Priming one thought, even without awareness, can influence another thought, or an action and unnoticed events can subtly prime our thinking and behavior are TRUE statements.

Explanation:

The concept of priming of thoughts refers to one thought getting impacted by a stimulus produced by the other thought that is implanted from an extrinsic source. This influence of one thought on the other often causes an individual to change decisions regarding both significant or insignificant issues pertaining to events happening in day to day life.

Which sociological perspective emphasizes the distribution of power and the allocation of resources?

Answers

Answer:

The correct answer to the following question will be the "Functionalist perspective".

Explanation:

The functionalist viewpoint views society as a complex process, the pieces of which operate together just to foster unity and harmony.This perspective looks at culture via a quantitative-level lens, which reflects generally on the societal structures that form an entirety society.

Therefore, it's the right answer.

Assume that the United States imposes an import quota on Columbian coffee. Relative to the equilibrium world price that would prevail in the absence of import quotas, it is likely that the equilibrium price of coffee in the United States will _____ and the equilibrium price of coffee in Columbia will _____.

Answers

Answer:

increase, decrease

Explanation:

Markets generate maximum surplus if all bidders and claimants located to the left of the intersection of supply and demand curves can meet and make transactions. These are the inframarginal bidders and plaintiffs. On the other hand, extramarginal bidders and claimants are located to the right of the market equilibrium on their respective curves. Extramarginal claimants have an availability to pay less than the equilibrium price, and extramarginal bidders have availability to trade at prices greater than those of that balance. The more the management of market mechanisms is diverted, the greater the risk of displacement of infra-marginals by extra-marginals and, with this, the greater the risk of not complying with the quota and skewing the distribution of trade.

Executive orders refer to the rights of presidents and their advisers, recognized by the Supreme Court to maintain the confidentiality of their conversations and communications.
a) true
b) false

Answers

Answer:

a) true

Explanation:

Executive orders or executive privilege is the right given to the President of United States of America and also to the members of the Executive branch to keep the official communications and conversation confidential under certain circumstances in the public interest.

This executive privilege is recognized by the Supreme Court of the United States.

Hence the answer is (a). TRUE.

Answer:

True

Explanation:

The topic of food production and consumption can be viewed from a variety of sociological perspectives. One point of view focuses on large corporations that rely on cheap labor (often seasonal, migrant labor) to maximize their profits. This point of view is most aligned with which sociological theory?

Answers

Answer:

Social conflict theory

Explanation:

The social conflict theory paints the society as one that is divided into a system of groups that are not equal. This results in conflicts between the various groups.

Considering the case in the question, two groups can clearly be identified. these are:

1. The large corporations, ( representing the rich and wealthy in the society)

2. The poor immigrant laborers who are easily dispatch able

Itemizing these two groups clearly show the economic inequalities that exist between them. As a result of this large economic inequality, conflicts erupt between the two groups as the oppressed clamor for their economic rights, while the oppressors continue to abuse them to make more profits.

Hence the point of view in question is mostly aligned with the social conflict theory.

While babysitting Tim, who is three years old, Jenny shows him a blue car and asks him what it is. He says, "a police car." She then shows Tim a toy man in a blue uniform and asks what he is. Tim responds, "a policeman." The activation occurring in Tim's long-term memory conforms to the _____ model.

Answers

Answer:

Semantic network.

Explanation:

The activation occuring in Tim's long-term memory conforms to the semantic network model. This model represents every semantic relation (knowledge that binds and represent concepts) in the mind in a network. For example the blue car: in Tim's mind, that blue car represnets the police car. That way, the activation of his long-term memory finds, in the semantic network, the representation of that, which is the blue car.

The ________ is a process that involves internalizing and acting from social perspectives that we learn in the process of communicating. a. Mind b. Particular other c. Prototype d. Self

Answers

Answer: Self

Explanation: The self is simply the schema that has every single detail about our self. It can be refered to as a dynamic responsive procedure that structures neural pathways over a significant amount of time, both past and present including; spiritual perspective, material and social perspective. It is categorized into the body and the superficial self of mind.

Postmodernism in law posits that concepts like justice and truth are not objective. Group of answer choices True False

Answers

Answer:True

Explanation: Postmodernist have high scepticism and they hold various views such as (1) they believe there is no objective reality , what ever is thought to be real is subjective (2) They deny the existence of scientific or historical truth (3) They consider technological development as just instrument of power.(4) They don't consider logic and reason as universally valid. (5) They don't consider knowledge to be certain.

The popularity of digital cameras has enticed large discount stores like Walmart and Costco to offer digital photo printing services. How does the offering of the printing service by Walmart and Costco affect the digital photo printing market?

Answers

Answer: It effects it because its cheaper to go out and use walmarts printer than rather buying your own for a higher price

Explanation:

Final answer:

The offering of digital photo printing services by Walmart and Costco affects the digital photo printing market by increasing competition, expanding market reach, and impacting traditional photo printing businesses.

Explanation:

The offering of digital photo printing services by Walmart and Costco affects the digital photo printing market in several ways.

Firstly, it increases competition in the market. With the entry of large discount stores like Walmart and Costco, there are now more options for consumers to get their photos printed. This competition drives down prices and encourages innovation in the printing services offered.

Secondly, it expands the market reach. By offering printing services, Walmart and Costco make photo printing more accessible to a wider range of customers. This can lead to increased demand for digital photo printing and growth in the overall market.

Lastly, it may impact traditional photo printing businesses. Smaller local print shops that relied on photo printing as their primary service may face increased competition and challenges in competing with the lower prices and convenience offered by Walmart and Costco.

Which dreamlike French avant-garde film was created by Spanish artists Luis Buñuel and Salvador Dali?

Answers

Answer:

Un Chien Andalou (An Andalusian Dog)

Explanation:

Un Chien Andalou was a Franco-Spanish silent short film made in 1929 by Spanish director Luis Buñuel and Salvador Dali. It became the first movie of Bunuel which contain the genre of surrealist. It contains no plot but the dreams dased on both creators. Bunuel added dream with a cloud sliced the moon in half,  and Dali of ants crawling in hand.

The following attributes are commonly used to describe surveillance systems. Which of the attributes are critical for a surveillance system designed to detect and control infectious disease outbreaks and characterize populations at greatest risk for those diseases?
The following attributes are commonly used to describe surveillance systems. Which of the attributes are critical for a surveillance system designed to detect and control infectious disease outbreaks and characterize populations at greatest risk for those diseases?

A. Simplicity


B. Flexibility


C. Data quality


D. Acceptability


E. Sensitivity


F. Predictive value positive


G. Representativeness


H. Timeliness


I. Stability

Answers

Answer:

Sensitivity, Predictive value positive, representativeness and timeliness.

Explanation:

In order to detect outbreaks and thus group people based on greatest risks, it is mandatory for a surveillance system to be sensitive and thus detect a reasonable amount of cases in the community alongside changes in severity of cases over a period of time. It is also expected that there is high predictability and be representative of cases in the community capable of describing the occurrence of disease by person, time ad place. It should also be timely in its execution, without any delays, as this will allow investigation and control measures to commence quickly.

Polling, whether done by the media, interest groups, or politicians, is aimed at __________. gauging political culture measuring transparency capturing public opinion influencing public opinion

Answers

Answer: capturing public opinion

Explanation:

That's the absolute aim. Knowing what the public think about that particular issue.

Phil, an engineer, creates use case diagrams for his company. His work involves following defined routines and exacting adherence to laws. Which of the following activities corresponds to his work?
a. Annalistic
b. Scientific
c. Probabilistic
d. Artistic

Answers

Answer:

Out of the following activities, scientific activity corresponds to Phil's work.

Option: (B)

Explanation:

When the task assigned to an individual has a well-defined framework that he strictly needs to restrict his work to, there is no room for him to add his own creativity to it. This ceases the work from being artistic and makes it completely scientific because of the defined guidelines that need to be followed to get an output that is predetermined.

On a long transcontinental flight, a middle-aged man gets up and exercises in the aisle, moving his hands, feet, arms, and legs as much as he can. He does this every two hours. The flight attendant asks him to sit down, but he explains that he is trying to prevent a very dangerous medical condition. He is talking about:

Answers

Answer:Deep vein thrombosis, or DVT

Explanation:Deep vein thrombosis, or DVT,is a condition that results from a blood clot which occurs in a vein deep within the body. Usually it occurs in lower leg or thigh and may result to swelling which is referred to as thrombophlebitis.

It can affect the lungs when it breaks to the whole body and my cause pulmonary embolism in the lungs.

It may be caused by certain medical conditions,or if you sit without any movement for a long time such as sitting in an airplane.

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